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A LEEDS office complex has been sold in a £4.375m deal. The 23,310 sq ft serviced office complex, Brooklands Court, in Hunslet, was sold on behalf of its owners, C Gledhill Ltd, which was based at the complex, to property company Highcross. The sale was managed by property consultants King Sturge. Brooklands Court is a former industrial building which underwent conversion for multiple use by a range of light industrial, distribution and professional services businesses. It has an annual rental income of £350, 275. The Manchester office of Highcross acquired the property as part of its expanding Bizspace work-space portfolio. An associate in the King Sturge investment team, Ben Hall, who acted for C Gledhill in the deal, said: "The serviced office sector remains extremely competitive as demonstrated by the interest we received during the marketing programme for Brooklands Court."
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£4.3m office deal A LEEDS office complex has been sold in a £4.375m deal. Taking shelter in alternatives … FMO sector benefiting from current financial turbulence Quintain / Lend Lease confirm TFL letting Quintain and Lend Lease have confirmed a 135,000 sq ft letting of Transport for London (TfL) at Greenwich Peninsular Highcross buys business centre portfolio Fund Manager Highcross has bought a portfolio of business centres in Scotland and the North of England Growth in Takeup of Serviced Offices London's banks and financial services companies have increased their take-up of flexible serviced office space by 74% in the last year. |