Double Delight for ATC/FLJ

Posted on Oct 06, 2017 by Natalie Phillips

As further confirmation of the ongoing and strong demand for future residential development product in Leeds, FLJ have recently completed the sale of a second prime development plot on Kirkstall Road, on the western city centre fringe. Last year, the rear plot of 0.52 Acres was sold with planning for 239 student beds and the scheme has recently been completed by Ashcourt. 

Having secured reserved matters planning consent for an additional 107 private residential units on the front plot adjacent to Napoleon’s, a sale has now been completed to KMRE Group, an active local developer who have bought the site unconditionally.

Acting on behalf of ATC Properties, the sale of the front plot comprising c.0.5 acres completes a successful break up of the companies long term land holdings in this improving residential/student enclave.

Paul Fox acting for land owner ATC said:-

“The successful sale of these 2 prime plots to separate developers helps underline the strength of demand in the market for ‘deliverable schemes’ with implementable consents.  While there is a lot of long term/pipeline stock planned, the benefit of having a viable planning consent is paramount and we experienced unprecedented enquiry levels and achieved strong prices.

It took some time to sort out those parties who were able to deliver unconditionally, as seeing both plots built out and completed was a key driver in the disposal decision.

KMRE performed admirably in a short timeline and we all look forward to seeing the hoardings going up and a start on site imminently.  Rob Whatmuff at Colliers acted on behalf of KMRE.

Following on from our Grainger Transaction at the Former Yorkshire Post site, fringe of city centre remains an ‘in demand’ location for well designed apartments and occupier demand remains strong.”

Related News

Agency Team - 2020, Our Year to Date

Aug 19, 2020

Our team is experienced, focused, discreet and motivated by results.

Potter Space welcomes tile importer and supplier to its Ripon business park

May 06, 2020

Tile importer, European Heritage, is relocating its warehouse from London to Potter Space business park Ripon, to be better placed to distribute its products to the whole of the UK.

Leeds Office Market Q1 2020 Snapshot

Apr 27, 2020

There are many positives to take from the Q1 figures for Leeds office take up.

Fox Lloyd Jones promotes Adam Watson to Associate and recruits Will Smithies to the team

Apr 01, 2020

Chartered surveyor and project manager, Adam Watson, has been promoted to Associate at Leeds-based, multi-disciplinary agency, Fox Lloyd Jones, where he specialises in project and development management. Will Smithies has also joined Fox Lloyd Jones from local firm Bowman Riley.

Prime Rental Location on Cookridge Street, Leeds will be Home to new Chinese Supermarket

Mar 18, 2020

The ground floor of luxury residential block, ‘Oasis Residence’, has been let by Fox Lloyd Jones to local business owner, Jiang Young Feng, who will be opening a Chinese supermarket on the site.

FLJ: Covid-19

Mar 18, 2020

Much like your business, FLJ continues closely monitoring Government advice and the evolving Coronavirus/Covid 19 situation. The wellbeing of our colleagues, clients and those that we work with is our first priority. Our heartfelt thoughts go out to those people and families already affected by the Coronavirus and in context we feel the need to take steps to reduce the risk to our and your people, while continuing to support your business.

Prominent Freehold Mixed-Use Investment Sells on The Headrow, Leeds.

Feb 18, 2020

LS1 Headrow, a prime Leeds city centre mixed-use investment owned by Palm Assets Limited has been sold by Fox Lloyd Jones to Leeds-based property management and lettings company, YPP.

Former Trio Restaurant in Headingley to be Redeveloped into High Specification Offices

Jan 29, 2020

ATC Properties Ltd has received planning permission to convert the former home of Trio bar/restaurant in Headingley into high specification, Grade A offices to be known as ’44 North Lane’.

Walker Morris Secures Sub Tenant for its New Landmark Building on Wellington Street, Leeds

Jan 21, 2020

FLJ, acting on behalf of Walker Morris, acquired an overriding lease over the whole of the 76,000 sq ft landmark building in 2018, and project-managed the delivery of the new offices through to completion.

Agency Team - Last 6 Months of 2019 Highlights

Jan 06, 2020

Our team is experienced, focused, discreet and motivated by results

1 2 3 4 Next →