1 East Parade

1 East Parade in Leeds

Prime Leeds office building gets snapped up

A prime office building on East Parade in Leeds city centre has been snapped up for an undisclosed sum.

Acting on behalf of BMO, CBRE’s Leeds Capital Markets team has completed the sale of 1 East Parade in Leeds to The Regional Office Property Unit Trust, which is advised and managed by Schroders Real Estate, for an undisclosed sum.

Located in the heart of the city’s commercial and financial district, 1 East Parade provides high quality accommodation over ground and seven upper floors and is currently multi-let to 11 tenants, including Zurich, Xalient and Appleyard Lees.  

The property comprises 67,456 sq ft of contemporary office and retail accommodation, split between two adjoining multi let office buildings at 1 East Parade and 8 St Paul’s Street -  comprising 48,458 sq ft of office space at 1 East Parade and 15,888 sq ft of office space with 3,110 sq ft of retail space at 8 St Paul’s Street.  8 St Paul’s Street is let to tenants including Caci Limited, IPC Group and Jones Myers LLP.

Originally constructed in the 1980s, the building has recently undergone a major refurbishment, with an extension to the reception area enhancing its prominence on East Parade.    1 East Parade offers floorplates of 6,500 sq ft with a total of three floors vacant, whilst 8 St Paul’s Street offers floorplates of 2,500 sq ft with two floors vacant.

Neighbouring occupiers include Gateley’s Solicitors, Bilfinger GVA, CBRE, Dentsu Aegis Network, Deloitte, Walker Morris and Pinsent Mason.

 

BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.

For more information visit www.togethermoney.com