Entrepreneur based in Manchester -Faris Mousa

The deal represented a 6.4% yield. The seven-story corner block in the Northern Quarter is multi-let to 12 tenants, at an average passing rent of £12/sq. ft., and was sold by private individual Faris Mousa. Dale House is Helical Bar’s second purchase in Manchester in the last year, after the acquisition of the 250,000 sq. ft. Church gate & Lee House in 2014 for £34m.