Bridges Fund Management and Evenacre has sold 6 East Parade, a prime office building in central Leeds, for in excess of £10m.
The 44,000 sq ft grade-A office block has been bought by STR Capital for a private client.
The seven-storey block is multi-let to tenants including Dentsu, DLA Architects, Claranet, Iwoca, Muse, Overbury and ABS Limited.
Guy Bowden, partner at Bridges Fund Management, said: “With 6 East Parade, we saw an opportunity to bring a disused building back into economic use and address the clear under-supply of prime office space in central Leeds. Our investment enabled an environmentally-led refurbishment that has made the building an attractive location for local businesses, who recognise the value of sustainability features in cutting operating costs and reducing their carbon footprint.”
Marcus Langlands Pearse, partner at STR Capital, added: “6 East Parade follows on from our recent acquisition of two office buildings in Tunbridge Wells. Bridges has done an excellent job of repositioning this Leeds City Centre office and we look forward to further enhancing the space. 6 East Parade complements our current strategy of buying well-let, future-proofed buildings in strong locations.”
CBRE advised Bridges and Evenacre; Lewis Ellis acted for STR.
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