A landmark building in Leeds city centre has sold for £15m - the first sale since it was built more than 100 years ago.
Hepworth House, one of the original buildings for Hepworth’s which later became Next Plc, has sold to real estate manager Aviva Investors.
Real estate firm Colliers International struck the historic deal, announced yesterday. (Jan 17)
The building, above, measuring 100,000 square feet, is located directly opposite the new Leeds Arena and adjoining the new Premier Inn hotel.
Tenants Capita, a FTSE 100 company and call centre, have a 14 year lease outstanding.
Richard Walsh, for Colliers International, said: “This building is some 22 stories lower than its neighbouring hotel and student residential properties, thus making for an interesting development angle into the future.
“The arena opposite has already started to bring the office, leisure and retail core towards Hepworth House and long may it continue.
“This acquisition proves that the regions are alive and kicking for the right asset, tenant and lease.”
Cushman and Wakefield sold the building on behalf of Next.
The building was built 113 years.