Hillcrest Private Equity Real Estate has acquired the 95,000 sq ft office from a Luxembourg-based fund.
Investor Hillcrest, which was founded last year, confirmed its purchase of Arkwright House but would not disclose the purchase price.
The Manchester office building, which fronts Parsonage Gardens, last changed hands in 2014 when the Luxembourg fund, then managed by Catalyst Capital, acquired it out of receivership for £11m.
Prior to that, the building was owned by Manchester-based Wrather Group but it defaulted on a £19.5m loan against the property and one other, Dock Office in Salford, and the loan was called in…
