Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Office property acquired as part of long-term investment plan
    Investments

    Office property acquired as part of long-term investment plan

    August 6, 20252 Mins Read


    Strategic property and construction advisor, Fox Lloyd Jones, has completed the sale of The Kennedy Building – a 6,617 sq ft property in Leeds’s South Bank district – for £1.1m.

    It follows the relocation of the owners, North America Travel Service (NATS), to Water Lane in Leeds.

    Acting on behalf of the former directors of NATS, the property has been sold to Regional REIT which is externally managed by leading Pan-European real estate investment management firm, ESR Europe.

    The acquisition represents a strategic move in its long-term investment strategy to consolidate and enhance its existing Central Park holdings immediately adjacent and offers short-term reletting potential.

    The Kennedy Building occupies a prominent 0.24 acre site at 48 Victoria Road, directly adjoining Central Park, a substantial multi let office development already under Regional REIT’s ownership. It was brought to market in February 2025.

    In the immediate term, Regional REIT plans to bring the building to market for lease, while concurrently developing long-term plans for site redevelopment.

    These plans have been unlocked by the recent lifting of HS2 safeguarding in the area, opening up new opportunities across Leeds’s evolving South Bank regeneration zone.

    Eamonn Stones, senior asset manager at ESR Europe, said: “This acquisition marks an important step in our wider growth strategy to assemble and optimise Central Park. The Kennedy Building enhances our footprint and unlocks future potential for redevelopment.”

    Nick Salkeld, director at Fox Lloyd Jones, added: “We’re pleased to have secured a successful outcome for our clients, marking a new chapter for the building and NATS who have been owner occupiers since 1998.

    “The opportunity generated strong interest from both owner occupiers and developers due to its lot size as a Freehold HQ office offering development potential in this exciting area of the city.”

    Click here to sign up to receive our new South West business news…



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Are sovereign wealth funds dumping Israeli investments? | Israel-Palestine conflict News

    Investments

    How to understand a property’s real value

    Investments

    Redefining realistic financial freedom in retirement

    Investments

    Israel climbs to top 8 in Europe for investments in the UK

    Investments

    Using your IRA to travel in retirement: Smart or risky?

    Investments

    Kazakh Investments in Kyrgyz Republic Triple

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    US’ fusion energy goal can be achieved soon with new fuel recycling

    Stock Market

    ChatGPT thinks these are the 3 best high-yield dividend stocks to buy today

    Precious Metal

    Relever la tête pour voir le silver lining 

    Editors Picks

    Singapore High Court rules that property ‘decoupling’ is illegal if done solely to avoid taxes

    August 1, 2025

    Next Cryptocurrency to Explode, 24 February — Theta Fuel, JUST, Ultima, TRON

    February 24, 2025

    Gold Record Price: Safe Haven Climbs After Hamas Leader Killed

    October 18, 2024

    Transforming India into an Organic, Natural, and Profitable Agricultural Hub

    March 11, 2025
    What's Hot

    Qu’est-ce que l’agriculture urbaine ? Bienvenue à la ferme rémoise

    April 11, 2025

    Swedish Dividend Stocks To Watch In October 2024

    October 25, 2024

    Grand Nancy. Le Heavy Week-End revient en 2025 pour confirmer la réussite de 2024

    May 2, 2025
    Our Picks

    L’association France Silver éco veut replacer le vieillissement au cœur du débat public • HOSPIMEDIA

    February 18, 2025

    Why has the price of gold surged?

    April 17, 2025

    A water-tower conversion on the north Devon coast with 360º views of the countryside

    October 25, 2024
    Weekly Top

    Are sovereign wealth funds dumping Israeli investments? | Israel-Palestine conflict News

    August 6, 2025

    This Dividend Stock Yields Almost 7.5% and Looks Set To Gain from Trump’s Trade Deals: Time to Buy?

    August 6, 2025

    Trump Tariffs | Stock Market Live Updates: Nifty at 24,500; PM Modi says will not compromise on Farmers’ interest

    August 6, 2025
    Editor's Pick

    What Is Bitcoin, Exactly? [+ Is This Cryptocurrency The “New Gold”?]

    April 19, 2025

    Best Neighborhoods in Manila to Buy Property

    August 8, 2024

    Canada spared from duties as it does not make semi-finished products

    July 31, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.