Mills & Reeve real estate team has advised Manchester Metropolitan University on the sale of its Hollings site. The 3.7 acre site in Fallowfield, which is affectionately known as the "toast rack", has been bought by developer Estrela Properties for £5 million.

The sale of the site, which includes a grade II listed building, is part of MMU’s consolidation of its operations from seven campuses to two - around Oxford Road and at the new Birley Fields site in Hulme.

Earlier this year, the Mills & Reeve team advised MMU on the sale of the Elizabeth Gaskell site in Victoria Park to Nuffield Health which is planning a £50 million private hospital.

Jennifer Lewis, associate at Mills & Reeve who advised MMU said: “We are delighted to advise long-standing client MMU on the sale of the iconic ‘toast rack’ site which is part of its strategy to consolidate its operations to the city centre.”