Expanding property firm relocates to city centre office

A fast-growing property business has become the latest company to expand into contemporary office space at Brewery Wharf in Leeds city centre.

North Property Group specialises in city centre apartment sales, lettings and investment opportunities across Leeds, as well as marketing residential investments in Manchester and Liverpool.

The company has relocated into 1,200 sq ft of open plan space at One Brewery Wharf, which forms a key part of the mixed-use waterfront development that is owned and operated by award-winning real estate investment and development company, Rushbond Group.

The office space was marketed by Leeds property consultants WSB.

Richard Baker, from Rushbond, said: “North Property Group is an ambitious and expanding company, which makes it a great addition to Brewery Wharf.

“We’re currently investing heavily in the development’s office space and will be releasing two more newly refurbished and distinctive suites in the coming months, covering 2,500 sq ft and 8,000 sq ft.

“Both will be fabulous places to work with the very highest specification levels, and enjoy a stunning waterfront setting.”

North Property Group was founded by Oli Banks and Tim Coen in June 2017 and now employs a 12-strong team. It is on target to more than treble its turnover in its third financial year to approximately £3m.

Managing Director Banks said: “From a standing start just over two years ago, we have grown rapidly and established a solid reputation for advising on high quality, off-plan apartment sales to both new and seasoned investors.

“These are often opportunities that we’ve identified that are under market value and will offer attractive yields of more than 8%, as well as strong capital growth potential, due to the regeneration and investment taking place in the surrounding area.

“We then let and manage these properties, within our extensive rental portfolio, which is more than 97% occupied.

“In addition, we also operate a highly successful sales division, which appeals to clients who decide to cash in or refresh their portfolios.

“Leeds city centre’s residential market is particularly fierce at the moment.

“We recently started marketing investment opportunities at Green Quarter, which consists of 86 stunning apartments that will complete early next year, in Leeds’ Climate Innovation District, and we’ve already sold more than 60 per cent of the scheme.

“Following this success, we’re preparing to launch another particularly exciting development in October, followed by several others in the coming months, which will appeal to both investors and owner occupiers.

“We have agreed sales on over £50m worth of property since incorporation and expect to grow this to more than £100m by the end of our third financial year.

“As a result of this continued increase in business, we’ve doubled the size of our team in the last 12 months and had outgrown our previous premises on The Calls.

“We wanted a contemporary office, where we could create an inviting, branded shop front that is easily accessible for clients. We looked at lots of options, but One Brewery Wharf ticked all the boxes.

“It’s in a popular location, with great amenities and an established residential community on the doorstep, and we’ve been able to create a stunning interior with stylish glass partitions and meeting rooms, which makes it the perfect base, as we embark on our next phase of growth.”