Private syndicate acquires two York assets in multi-million-pound deal
A York-based private syndicate has acquired two major assets in the city - the former Gas Works on Layerthorpe and Northern House on Rougier Street.
The former Gas Works is on a 7-acre site and the syndicate will convert it into a mixed-use development. The site was acquired for a sum in excess of £10m.
Northern House, located inside the city’s walls, was acquired for £13.3m, representing a net initial yield of 6.5%. It is opposite the Grand Hotel and proposed Malmaison and close to the city’s railway station. It is curr... 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...
