SINGAPORE (Sept 12): A consortium comprising Heeton Holdings, KSH Holdings and Ryobi Kiso Holdings is acquiring Dry Bar, an entertainment venue in Manchester City, with a view to redevelop the property into a boutique hotel.

Dry Bar is a four-storey terraced building with one basement level, and a total gross internal floor area of approximately 20,713 sq ft. Planning permission was granted in 2015 to convert the upper floors of the building into a hotel.

The venue’s sale was previously reported by Manchester Evening News in an online article published in March this year, although it is said the agent had declined to reveal details of the buyer and their plans for the premises.

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