Park House

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: £408,000pa
  • Increased serviced office occupancy rate from 75% to 80%
  • Completed works to the building to ensure building regulation compliance

Successfully agreed increased rent at review on ground floor restaurant

View more Asset Management Projects