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Eddisons Completes Deals Worth Over £3.5m

Written by: Richard Roe on Monday 02/01/2012

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The Bradford office of chartered surveyors Eddisons has completed a series of deals at sites across the city worth over £3.5m.

These include the sale of two large industrial complexes on Leeds Road and Otley Road and a detached warehouse and showroom on Thornton Road.

The three sites extend in total to 264,000 sq ft.

Shazad Mahmood of Eddisons said: ‘These deals indicate that the appetite for high quality industrial and commercial space in the Bradford area is strong.

‘We have completed the sales during difficult times for the property sector and are delighted to have been able to achieve excellent prices for our clients.’  

The Leeds Road site, close to Thornbury roundabout, has been acquired by Bradford based Roadside Retail, while Andante Freight is the new occupier of the site on Thornton Road. Both were sold on behalf of the administrators.

Meanwhile, the property at Rees Way on Otley Road, to the south of the city centre, has been bought by a private investor.

Mr Mahmood said: ‘It is great news for Bradford that these businesses and individuals are keen to invest in the city.’

Written by: Richard Roe on Monday 02/01/2012

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About the author

Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.

In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.

Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.

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