Town Centre Securities has added to its Leeds portfolio with the £12m purchase of the 72,000 sq ft Cube office building, located opposite the Merrion Centre – its largest asset.
The property investment, development and car parking company, has exchanged contracts with Aviva for the purchase of the building which comprises 22,000 sqft of ground floor leisure units with leases to Hard Rock Café and Mecca Bingo, together with 50,000 sqft of offices.
The purchase is set to be compete on 1 October and is to be funded from existing resources and planned disposals.
