Former Manchester United right-back and current England coach, Gary Neville, has added to his property portfolio by splashing out £1.5 million on the Manchester stock exchange building.
Neville may have got a bargain deal for the stock exchange building since the previous owners, MCR Property Group, purchased it for £4.7 million in 2004. They planned to convert it to a boutique hotel but ended up selling it for a fraction of original cost.
Gary Neville’s business is called the Signature Developments. It already owns a restaurant in Swinton, Salford along with his father and they are already after a ten-story hotel due to be built behind the East Stand at the Old Trafford, which will have 139 beds and a rooftop football pitch with a retractable roof and an adjacent bar.
He has also put his £6 million country estate for sale in 2011 – complete with swimming pool, home cinema and a seven bedrooms and only last year, he won a battle with planning officials over his project to build a £8 million Teletubby-style eco-home outside Bolton, Greater Manchester.
The stock exchange building lies in the heart of the city, just three miles from the Old Trafford stadium. It currently houses the Stock restaurant and it is expected that the restaurant will remain. According to rumours, Neville will use the two vacant floors upstairs to open a private members’ club.