The Leeds office of Chartered Surveyors Eddisons has completed the purchase of 6 to 8 York Place in Leeds, on behalf of Frank Marshall Estates, for an undisclosed sum.
The part-let property in Leeds’ commercial district extends to 18,000 sq ft and is now due to undergo a major refurbishment programme in a bid to attract additional tenants. On completion it will offer space ranging from 340 sq ft to approximately 7,500 sq ft.
Jimmy Marshall of Frank Marshall Estates said: ‘Although we are a Bradford based firm, we have been reviewing the Leeds market as part of our longer term strategic plan to increase our footprint in the Yorkshire area.
‘York Place fits perfectly with our current portfolio, being in an area occupied by property related businesses and many other top companies.
‘We are appreciative of the help Eddisons provided and the price they negotiated, which will allow us to undertake a refurbishment programme aimed at delivering what tenants in Leeds expect, but at very competitive prices.’
The firm already has commercial assets in Bradford, Halifax and Huddersfield.
John Padgett, Director of Agency at Eddisons said: ’We are pleased to have completed the purchase on behalf of our client and look forward to working with them on similar acquisitions in the future.’
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.