The 23,500 sq ft office is close to Leeds railway station and is fully let to eight tenants including Marstons, Netcompany UK and First Intuition Leeds. Knight Frank acted for the vendor and Sixteen Real Estate acted for the buyer.
Andrew Day, senior asset manager at APAM, said: “We are delighted to acquire 12 Greek Street as part of the continued expansion of NPV’s UK regional office portfolio, which now exceeds £70m. The asset is in an excellent location, based in the heart of the cities CBD and high-end leisure pitch ensuring it benefits from the city’s vast transport network.”
Scott Shufflebottom, director at Sixteen Real Estate, said: “12 Greek Street is excellently located within the heart of Leeds central business district and offers a unique opportunity to quickly unlock reversionary investment value through proactive asset management. “Whilst currently a fully let asset, the short-term nature of the occupier profile provides extensive opportunities to drive the asset forward through internal refurbishment and attracting new occupiers to the building.”
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