Property consultancy office advises on £7.2m in freehold sales in its debut year
Carter Towler’s York office has advised on about £7.2m in freehold sales and the generation of around £1.3m in annual rental income since it was established 12 months ago.
In its debut year, the property consultancy’s office played an instrumental role in several major commercial property transactions.
Miles Lawrence, director of the York office, said: “We’re incredibly proud of what we’ve achieved and the strong client relationships we’ve built.
Birch Park
“We’re excited to maintain this momentum and continue supporting businesses and investors in York’s property market.”
Carter Towler director, Matt Faulkes, added: “The momentum Miles and his team have built is remarkable. Their contributions are integral to Carter Towler’s growth across the region.”
Notable deals concluded in the first three months of 2025 include advising, jointly with Polestar Asset Management, on the leasehold acquisition of East Coast House, Skeldergate, on behalf of serviced office provider Wizu Workspace.
The 21,000 sq ft riverside property has been leased for 15 years and will undergo a major re-fit to provide premium serviced office spaces. This deal represents the largest York city centre office letting in recent years.
Also, Carter Towler has advised on re-letting of 2 Birch Park.
After more than 20 years of occupation by a medical distribution business, the owners of 2 Birch Park has undertaken a substantial overhaul and up-grade of this detached industrial building to provide a flagship facility for electronic manufacturing business DJ Assembly Ltd.
DJ Assembly has taken a new 10-year lease. The owner’s programme of works included a new customer facing entrance as well as fully upgrading all internal ancillary office space.
Hotel Chocolat
DJ Assembly has further invested into the internal structure of the building to create its new facility.
The office York office has facilitated the sale of Victoria Vaults public house on Nunnery Lane, York, for £395,000 and advised on the leasehold disposal of 2,398 sq ft at Bridge House, 1A Low Ousegate, to Brightsparks Agency, which signed a five-year lease.
In addition, Carter Towler advised High Baune Ltd on disposal of Tribune House, Centurion Park, a 4,520 sq ft office building leased to York NHS Teaching Hospitals until 2030. The property sold for £600,000.
At Vangarde Shopping Park, the York office advised Associated British Foods Pension Trustees Ltd on the lease of a 3,500 sq ft unit to Hotel Chocolat, which signed a 10-year lease.
