APAM has completed the purchase of the 02 Ritz!

APAM alongside joint venture partner NPV International (NPVI) has completed the purchase of the O2 Ritz in Manchester from MCR Property Group.
The iconic and recently refurbished Grade II listed music venue is located on Whitworth Street within Manchester’s principal city centre leisure circuit and is let until 2036 to leading UK music and club operator AMG. Over the years the Ritz has hosted an array of world famous artists including The Beatles, The Stone Roses, The Smiths and Frank Sinatra.
Chris Taylor, Director of APAM, added “We are delighted to have completed another acquisition in 2016 with NPVI. The Ritz represents a further addition to our portfolio of assets with NPVI underpinned by strong long term property fundamentals. The asset is a well-known and successful venue in Manchester located in one of the fastest developing parts of the city. Our strategy of investing into regional commercial assets across the UK alongside our diverse range of joint venture partners continues.”

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