Portfolio swelled by another office building acquisition

Yorkshire property development and investment company Wykeland Group has acquired an office building in Leeds city centre.

Elizabeth House is just off Wellington Place, a short walk from Leeds Railway Station. It is let to Clarion Solicitors.

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.

Wykeland property director, David Donkin, said: “We’re pleased 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 £500m development pipeline in Yorkshire and the Humber.

In recent years, it 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 Elizbeth House by Carrick Real Estate and Andrew Jackson Solicitors, while the former owner was represented by Dove Haigh Phillips.