Address:
- Park House, Park Square, Leeds
Size:
- 20,000 sqft
Project:
- Acquired in Q4 2019 an existing serviced office city centre office and restaurant mixed use investment
- Partnered with experience serviced office operator to provide serviced office and ancillary services for the building
- Considered refurbishment of key areas of the building internally and externally including new crittal style fenestration at the front of the building underway
Success:
- Net Rent at Acquisition: £400,000pa
- Current Rent Passing: £509,000pa
- Increased serviced office occupancy rate from 75% to 98%
- Completed works to the building to ensure building regulation compliance
Successfully agreed increased rent at review on ground floor restaurant
