The Leeds office of Knight Frank has completed two deals in Yorkshire to high net-worth investors, underlining the strength of private capital in the region.
Acting on behalf of Swiss Life and in conjunction with Knight Frank’s sector specialist Ed Price in Birmingham, the Leeds office has completed the sale of an ASDA petrol station and convenience store in Boroughbridge Road, Knaresborough for just under £3m.
Graham Foxton, partner Knight Frank, explained: “The sale resulted in a competitive scenario with a number of local investors seeing the attraction of the opportunity.”
The Leeds office has also completed the acquisition of a single let industrial unit in Normanton on behalf of a local investor for a similar price. The seller, a Yorkshire-based property company was advised by Ben Hall at NorthCap. The buyer was a long-standing client of Knight Frank.
Knight Frank have also been instructed to sell 2 Brewery Wharf for Swiss Life, a high- quality office building in Leeds city centre.
Graham Foxton commented: “2 Brewery Wharf offers good value for a private investor and the opportunity to capture rental growth, which is now being seen throughout the city in the office sector. Offers are invited at around £4m.”
He added: “The successful month also saw them welcome new starter Richard Brooke to the capital markets team from Allsop and the team winning the accolade of Best Investment Deal for the acquisition of Central Square, acting on behalf of Ashtrom Properties UK at The Yorkshires, the commercial property awards hosted by the Yorkshire Children’s Charity at Rudding park, alongside CBRE and Savills who were also involved in the deal.
“It’s great to get some deals over the line and show the country the strength of confidence in the Yorkshire property investment market across all sectors. We are approaching a real turning point in our region with the imminent completion of some grade A residential space in the city centre, which is quickly bringing amenities, people and a real buzz to the city”.
