Monday, 09 January 2017 11:22

Redefine International lets remaining space at City Point, Leeds

Written by
Rate this item
(0 votes)

Redefine International (“Redefine International” or the “Company”), the opportunistic income focused FTSE 250 UK-REIT, has let 1,022 sqm (11,000 sq ft) at City Point, Leeds to Blacks Solicitors LLP, bringing the office asset, which was acquired as part of the AUK portfolio in March 2016, to full occupancy.

Adrian_Horsburgh_Redefine_International

Blacks is taking the entire second floor on a 10 year lease, which was secured at ERV, and will join existing tenants Ashcourt Rowan plc,  GVA, Savills, JLL, Starbucks and HSBC. Located on the corner of King Street and Park Place in Leeds city centre, City Point is one of Leeds’ most prominent buildings, comprising a total of 61,500 sq ft of Grade A office accommodation over seven floors.

Adrian Horsburgh, Property Director at Redefine International commented:

“City Point is a high quality, modern building in a prime location that has consistently attracted some of the most dynamic businesses in the Leeds marketplace.  The 10 year lease was completed within nine months of acquisition, which is testament to the strength of the property offer as well as the skills of our asset management team.  The addition of Blacks augments the existing high quality tenant line up and reflects our ongoing efforts to reduce the vacancy in the assets we acquired as part of the AUK portfolio earlier this year, and ultimately to maximise the income potential.”

Sanderson Weatherall and JLL acted for Redefine International on the transaction while Blacks was represented by WSB.

Last modified on Monday, 09 January 2017 11:34

Most Popular

Hyprop Investments subsidiary acquires flagship shopping centre in Sofia, Bulgaria

Jul 20, 2017
Pieter Prinsloo Hyprop CEO
UK-based Hystead Limited (Hystead), co-owned by Hyprop Investments Limited (Hyprop) and…

Trematon Capital Investments diversifies portfolio with investment in UK Real Estate Private Equity Market

Jul 20, 2017
Arnold Shapiro Trematon
JSE listed Trematon Capital Investments Limited, the Western Cape focused actively…

Encouraging news for home buyers - repo rate now 6.75%

Jul 20, 2017
Andrew Golding Pam Golding
Home buyers and those with mortgages will be encouraged by today’s announcement by the…

Building wealth through multiple properties

Aug 01, 2017
Praven Subbramoney
Many individuals who already own more than one property mistakenly overlook key…

Investec Property unearths Komatsu’s next phase of its campus development

Jul 25, 2017
Komatsu 11
Earth-moving equipment giant, Komatsu, has partnered with Investec Property to…