Posted on Feb 18, 2020 by Natalie Phillips
Prominent freehold mixed-use investment sells on The Headrow, Leeds.
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.
The 12,444 sq ft building, which spans 109 - 113 The Headrow, has a self-contained ground floor retail unit, with five upper floors of creative offices and secure basement car park. Tenants include WSP, Retail Express and Vortex Commerce.
Speaking about the sale, Danny Bowers, chief executive of Palm Assets Limited, said,
‘We were always confident there would be interest in the property as we received a number of approaches since we acquired the asset.
‘It is a promising time for Leeds, helped with a renewed focus from Government in stimulating local economies in the north, and the city is well placed to benefit from the various initiatives.”
Commenting on the sale, director of Fox Lloyd Jones, Nick Salkeld, said,
“YPP recognised the potential of this building as an income producing asset with long term redevelopment potential. With high quality specification and a strategic location on the Headrow, it has attracted and retains quality tenants.
Othman Dakhil from YPP added,
“It is a very exciting purchase for YPP within a prominent position in Leeds City Centre and we hope to purchase more buildings in the future to expand our portfolio within such an exciting and developing city.”
Fox Lloyd Jones have now been retained by YPP, as leading agents, to market the vacant office suite of 2,917 sq ft on the second floor, which is divisible into small suites and available on flexible / all-inclusive arrangements.
Sep 29, 2021
Specialist UK Real Estate Asset Manager, APAM, has completed a comprehensive £2.25m upgrade of 2 Whitehall Quay in Leeds city centre. An extensive refurbishment of 3 floors and a complete redesign of the reception and common parts has been undertaken with the support of TP Bennett architecture.
Jul 07, 2021
Our team is experienced, focused, discreet and motivated by results.
Jul 06, 2021
The 3,700 square foot art deco building occupies a prominent position on North Lane and has been redesigned by MDA Architects to create two self-contained units that provide contemporary office and leisure space, with full height glazing and has been let to two new tenants.
Jun 11, 2021
Temple House, which has a highly prominent roadside position fronting the A6120 Leeds Outer Ring Road at Seacroft, is being offered for sale more than £7m.
May 19, 2021
The Grand Arcade, a Grade II-listed Victorian shopping arcade on New Briggate, Leeds, has undergone a £500k refurbishment, with its owners ATC Properties Limited aiming to further enhance the property, which is home to many local successful businesses, making it a destination of choice for shoppers and diners.
May 12, 2021
Pickard Properties has committed to begin the demolition of an existing 20-year-old, 239-bed, student scheme on Carlton Hill in Leeds, replacing it with a larger and more sustainable new build 604-bed purpose-built student scheme.
May 07, 2021
Temple House, fronting the A6120 Leeds Outer Ring Road at Seacroft, is now fully let following the signing of two new high-profile tenants in 2021, to add to the deals done at the end of 2020.
Mar 10, 2021
Leeds property developer, Countrylarge, has announced that it has applied for planning to build eight townhouses on Lower Brunswick Street in Leeds, which sits within the upcoming Mabgate area; voted one of the coolest neighbourhoods in the UK, by Conde Nast Traveller magazine.
Mar 02, 2021
Catella APAM (“APAM”) is embarking on a significant refurbishment programme for 2 Whitehall Quay, another prime office in the city centre, and has appointed joint agents Fox Lloyd Jones and CBRE to market three floors of Grade A office accommodation within the building.
Jan 20, 2021
Following a comprehensive redevelopment, 44 North Lane, Headingley, which previously housed Trio bar and restaurant, has reached practical completion and is ready for immediate occupation.