Leeds office park buildings sold for £18m
Property developers Sterling Capitol have sold a quintet of Leeds office park buildings in a deal worth £18m.
The Capital Park buildings, totalling 95,913 sq ft, were sold to London-based property investment company Squarestone for £18.23m.
The offices are occupied by NHS, Barratt Homes, Henderson Insurance Brokers and Hermes. The combined rent roll is more than £1.7m a year, reflecting a NIY of 8.9%.
The deal was brokered by the Leeds office of global property consultancy Knight Frank, who represented Sterling Capitol. ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
