Chancerygate and Bridges Fund Management has paid Halifax Estates £6m for an 11-acre site in Leeds.
The jv plans to transform the Triangle 45 site into a £31m speculative industrial development, stretching over 231,000 sq ft.
The site, three miles north-west of the city centre, will house 23 owner-occupier units ranging from 4,000 sq ft to 34,000 sq ft.
Leeds City Council can expect a planning application within the next two months.
Chancerygate and Bridges were advised by Lambert Smith Hampton. Sanderson Weatherall acted for Halifax Estates.
To send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews
