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Valuation team provides advice to enable £9m loan secured against historic Manchester building

Written by: Philip Deakin on Monday 27/11/2017

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The Valuation team at Eddisons is celebrating another successful instruction on behalf of Amicus Plc. after we advised on a £9m property loan that was agreed by the specialist lender - secured against the Former Freemasons city centre Lodge adjacent to Spinningfields.

Amicus’ Manchester office approved the facility for the Manchester Hall scheme, which enables the redevelopment and refurbishment of a grade II listed former Masonic Hall in the city centre.

Amicus provided the funding in order to enable the completion of the ongoing works by developer/borrower Vision Investments. Ultimately the iconic Grade II listed building in the heart of Manchester city centre will be restored to its former glory and will comprise of restaurants, conference and events facilities, boutique bedrooms and roof terrace bars – complete with 360-degree views of the Manchester skyline.

The property is located in the heart of Manchester city centre and received a gold medal certification from the Royal Institute of British Architects (RIBA) for its design in 1930.

Phil Deakin, Valuation Director at Eddisons, said: "Eddisons were delighted to be able to advise our clients on another high profile and complex property loan”.

Other notable instructions Eddisons have advised Amicus on since appointed to their panel in June include Winckley House and Guild House in central Preston which are to be redeveloped to provide 122 apartments.

"Eddisons were delighted to be able to advise our clients on another high profile and complex property loan”.

Written by: Philip Deakin on Monday 27/11/2017

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About the author

Philip Deakin is a Director in the Manchester valuations team.

Philip qualified MRICS in 2004 and is a registered valuer. With over 15 years of commercial property experience under his belt.

Philip joined Eddisons from JLL where he spent 11 years specialising in the valuation of mid to large lot sized assets across the majority of commercial sectors.

He has acted on behalf of all major lenders in the UK and many large property companies and funds such as ING, Valad, Peel Holdings, HIMOR, Langtree and Network Space. He has valued high profile regional assets such as Carrington Business Park, Ship Canal House, Port Salford, Exchange Quay and Gateway House.

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