Bet365 has bought The Zenith Building in Manchester’s Spring Gardens for £31.5m.

Bet365 is a tenant of The Zenith and currently occupies around a third of the building, which is located at the centre of what is considered Manchester’s traditional business district.

The 75,000 sq ft office was sold by AM Alpha, who purchased the building for £23m from TH Real Estate in 2016.

Robin Hutchison, Asset Manager at TH Real Estate, said: “With its strong location, prime grade A office space, and flexible floor plates, The Zenith Building perfectly matches the needs of a wide range of occupiers. The letting success over the past year is testament to the strength of the building and the Manchester occupational market as a whole. We have had a very high level of interest from occupiers and anticipate the building will soon be fully let.”

AM Alpha was advised by CBRE, Bet365 was represented by Knight Frank.