Office

7-8 Wellington Place, Leeds 

 

Price: £211,000,000

Date: Q3 2019

Acting on behalf of Legal and General Pensions Ltd we advised on the forward purchase of this long leasehold, government let, office building for approximately £211m.

The property forms part of the highly acclaimed Wellington Place development carried out by MEPC on behalf of Hermes Investment Management and CPPIB. 

It comprises two adjoining grade A office buildings arranged over ground and 7 upper floors with a total floor area of 377,730 sq ft plus 182 on site car spaces. Practical completion is scheduled for the end of 2019.

It is pre let to The Secretary of State for Communities and Local Government for a term of 25 years from PC, subject to 5 yearly upwards only rent reviews and a tenant break option at the end of the 20th year. The initial rent is £9,609,000 per annum. Occupiers will include HMRC and NHS Digital. 

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk


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