Landmark city centre office building sold for £14.5m

A 13-storey city centre office building which houses a government department has been sold for £14.5m. A fund advised by Warwick Capital Partners LLP, represented by Savills, has sold Leeds office building Castle House to Bridges Property Alternatives Fund IV. The sale reflects a net initial yield of 9.32%. Castle House provides 78,298 sq ft of headquarters office space over ground and 13 upper floors alongside 80 car parking spaces. The property is fully let to The Secretary of State for the Environment, with an unexpired lea... For the full story register now for free or login below...
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