Wykeland buys Leeds asset
The Hull property company has acquired the 25,000 sq ft Elizabeth House, a West End office building occupied by law firm Clarion.
Wykeland has acquired the building from an institutional investor, which had owned it since 2014. Accommodation is set out over five storeys and includes 15 car parking spaces.
Wykeland was advised by Carrick Real Estate and Andrew Jackson Solicitors, while the outgoing investor was represented by Dove Haigh Phillips.
David Donkin, property director at Wykeland, said: “We’re delighted to have acquired this property in a prime location in the centre of Leeds, the commercial capital of Yorkshire.
“It adds to our growing portfolio of buildings in key town and city centre locations in Yorkshire and Lincolnshire. We’re continuing to actively explore opportunities to acquire properties that are in attractive locations and add value to our asset base.”
Wykeland has a £500m development pipeline in Yorkshire and the Humber. It operates some major property, including Melton West, where Amazon is investing; the Bridgehead site near the Humber Bridge; the @TheDock tech campus in Hull’s Fruit Market; and Europarc in Grimsby; as well as a 211-acre freeport site in Goole where a major paper recycling facility is in the works.
Elizabeth House’s vendor bought the building from Sheffield property company JF Finnegan, which had bought it from Valad in 2011 and instigated a refurbishment.
- Read Place Yorkshire’s 2023 Q&A with Wykeland managing director Dominic Gibbons
