12 February 2018

Rockspring sells Leeds office development

Forsters has advised clients of Rockspring Property Investment Managers in relation to the off-market sale of a Grade A office building at 6 Queen Street, Leeds to clients of Mayfair Capital Investment Management. The purchase price was £36.2 million.

The 70,940 sq ft office scheme was developed speculatively by Rockspring, with the building reaching completing in July 2016. Luxury fashion house Burberry Group has taken a lease of four floors, comprising 46,000 sq ft, in what is believed to be the largest letting in the city completed in 2017.

6 Queen Street is a highly prominent building located close to the junction with Wellington Street in the heart of the city centre. Set over six floors, the building includes rooftop terraces and is Breeam rated "Excellent".  The site was acquired by clients of Rockspring Property Investment Managers in late 2014. Forsters has been instructed throughout their ownership of the asset, with a cross-departmental team advising in relation to the acquisition, development, letting arrangements and disposal.

Senior partner, Smita Edwards and senior associate, Katherine Ekers, advised Rockspring on the sale. Associate, Richard Spring advised on the construction package.

 

"Good strength in depth"
Chambers UK, 2018
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