Central Park - Leeds
Distressed and underinvested asset next to a major transport hub, offering major repositioning opportunity.
Asset Management Successes
- Leased entire warehouse to Asda for ten years, no breaks
- Re-signed QBE for 22,000 Sq ft
- Leased 5,000 Sq ft to The Davies Group
- Leased 13,000 Sq ft to RM Smith
- Leased 5,000 sq ft to Estio
- 73% vacant on acquisition and 100% let when we sold
- Moved headline office rent from £12.50 to £17.50 psf
- Net income rose from £273,000 pa to £949,000 pa
Sold at significant profit to Regional REIT