Leading Yorkshire property development and investment company Wykeland Group has acquired an office building in a prime location in Leeds city centre.
The five-storey Elizabeth House is situated just off Wellington Place in the heart of the city centre and is a short walk from Leeds Station.
Wykeland has acquired the building from an institutional investor, which had owned it since 2014. The building comprises 25,000 sq ft across five storeys and includes 15 car parking spaces.
Elizabeth House is let to Clarion Solicitors, which was recently recognised as one of the fastest-growing law firms in Europe.
Wykeland Property Director David Donkin said: “We’re delighted to have acquired this property in a prime location in the centre of Leeds, the commercial capital of Yorkshire.
“It adds to our growing portfolio of buildings in key town and city centre locations in Yorkshire and Lincolnshire.
“We’re continuing to actively explore opportunities to acquire properties that are in attractive locations and add value to our asset base.”
Hull-based Wykeland has a £500 million development pipeline in Yorkshire and the Humber, and has an exceptional track record of collaborating with blue-chip businesses and public sector organisations to deliver award-winning projects.
The company owns and operates many of the region’s leading business parks, including the rapidly-expanding Melton West business park, west of Hull; the Bridgehead site near the Humber Bridge; the @TheDock tech campus in Hull’s Fruit Market; and Europarc in Grimsby; as well as a 211-acre Freeport site in Goole.
Wykeland is also known for delivering significant urban regeneration projects, such as the Fruit Market urban village in Hull, in partnership with Hull City Council and Beal Homes, the Treadmills redevelopment of the former Northallerton Prison, working with the former Hambleton District Council; and the 16-acre Flemingate regeneration scheme in Beverley, which is still owned by the group.
In recent years, Wykeland has made several notable city centre acquisitions, including the landmark Burton building and former Marks & Spencer store in Hull, as well as the Waterside Centre in Lincoln, in a 50-50 joint venture with Lincolnshire Co-op.
Wykeland was advised on the acquisition of Elizabeth House by Carrick Real Estate and Andrew Jackson Solicitors, while the former owner was represented by Dove Haigh Phillips.
