THe landmark building that was the home of the Yorkshire Evening Post for more than 40 years has been sold, it has been confirmed.
It is understood that the property on Wellington Street, in Leeds, has been purchased by a private investor following considerable interest from prospective buyers.
The value of the deal has not been disclosed.
The new owner is expected to go ahead with plans to demolish the building and use the land for what has been described as a ‘major gateway office development’ amid signs of recovery in the Leeds office market.
However, it is thought there are no immediate plans for the land in place and no planning applications have been submitted to Leeds City Council.
But speculation that the land is to be used for a complex of flats focused on the growing city centre student market is understood by the YEP to be well wide of the mark.
Paul Fox, from Leeds property consultants Fox Lloyd Jones, which oversaw the sale of the building, said: “A true gateway to Leeds city centre, this site has the potential to be one of the most important inward investment redevelopment sites in the north of England.”
Standing at the junction of Wellington Street and the A58, two of the main thoroughfares through the city, the building with its distinctive brutalist architecture has become a Leeds landmark.
Passed by thousands of motorists every day, its future has been the subject of considerable speculation since it was put up for sale last year.
English Heritage confirmed in February that it would not be seeking to give the building listed statues, a move that would have forced any new owner to preserve it in something approaching its current form.
It emerged earlier this year that an application had been made to the council to allow demolition of the building to take place and that is expected to be carried out following the change of ownership.
The building was opened in 1970 and remained the home of the YEP and sister newspaper the Yorkshire Post until 2012 when staff moved to new offices on Whitehall Road.