Building Briefs:
MILLER Homes Yorkshire has strengthened its Yorkshire sales team.
Sarah Whinfrey has been promoted to sales manager while Vicky Pinkney has become options centre manager.
In addition there have been three new recruits.
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A FORMER Leeds library sold for more than three times its guide price at a recent property auction.
The hammer finally fell at £181,000 for the former Broad Lane Library in Bramley, which had been offered on behalf of Leeds City Council at a guide price of just £50,000 plus.
Eddisons reported that 112 (69%) of the 162 lots offered at their recent two sale in Leeds and Manchester sold, generating proceeds of more than £8.2m.
Other highlights included a former water tower at Spacey Houses near Harrogate, with planning permission for conversion to a four bedroom house, which sold for £202,000 off a guide price of £110,000 plus.
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WILSONS Solicitors, which has offices in Leeds and Bradford, is acting for a group of private investors who are providing funding for a £12m development of 54 luxury apartments for the elderly in Cheltenham.
Up to 54 high net worth investors will be purchasing the apartments off plan through City of London-based Parallel Investment Management, which aims to help developers overcome the current lack of bank lending.
The investors will act as a consortium and hold a charge over the asset and land as security until the apartments are sold.
James Mawbey-Shaw, partner and head of property at Wilsons Solicitors, believes this type of investment opportunity could become more prevalent and popular.
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A 17-acre business park in South Yorkshire is close to capacity after a spate of new lettings and extended tenancies.
There is just one major unit left at Junction 38 Business Park in Barnsley which is being marketed by the Yorkshire Industrial team at GVA.
Recent lettings include a 50,000 sq ft warehouse to specialist safety training provider Astra Training and the recently redeveloped unit two to Rightcast Limited.
Meanwhile, two of Junction 38’s existing tenants, Premdor Crosby and Ken Mallinson Transport, have agreed new longer-term tenancies.
Iain McPhail, associate in the industrial team in GVA’s Leeds office, said: “We have been working closely with existing tenants as well as new occupiers to accommodate all requirements for the scheme and the interest in the site over recent months has been encouraging.”
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JAMES Millson has joined CBRE’s Leeds office as surveyor in its property and asset management team.
Mr Millson will be working with the team to manage the James Hay SIPP portfolio of around 2,000 properties across the UK.
He joins after six years at Lambert Smith Hampton.
