Residential and commercial property group Avtar Properties has acquired a prime property portfolio in Leeds after securing a finance deal from Santander Corporate Banking, in a deal that was facilitated by Schofield Sweeney.
The portfolio represents some of the most sought-after commercial properties in the region including buildings on The Headrow, Park Square, Hanover Square and Blenheim Terrace.
The family-run business, established in 1972, specialises in the property management and maintenance of accommodation for the student, young professional and the city centre commercial markets.
Avtar Singh Thethi, owner of Avtar Properties, said: “We are currently in a driving position and looking to acquire more commercial and larger properties in the near future. We have also recently completed two large modern office spaces on Park Square in excess of 13,000 sq ft.
"We are also about to commence a city centre refurbishment consisting of one, two and three bedroom flats, office suites and a restaurant over ten floors in a prime location in central Leeds. It has been great to work with Santander and Schofield Sweeney, who have both demonstrated a thorough understanding of my business and its ambitions.”
Graham Yates, relationship director at Santander Corporate Banking, said: “We are delighted to have been able to help fund this acquisition for Avtar Properties. With Avtar’s expertise in the sector and strong management skills, he is set to make a great success in this next stage of the company’s growth."