Overseas investor swoops for landmark office building in £19m deal

AN overseas investor has bought No.1 Park Lane in Leeds, home to credit reference agency Callcredit’s UK headquarters, in a multi-million pound deal.

A German institutional investor, represented by Savills, has sold the building for £19m.

No.1 Park Lane was constructed in 2001 and offers 76,260 sq ft of Grade A office space over seven floors.  

The property is let in its entirety to credit reference agency Callcredit at a rent of £1.5m a year.

Mark Wilson, associate director in the investment... For the full story register now for free or login below...