'Confidence returning' to Leeds investors

Commercial property experts have expressed their belief that confidence is returning to the Leeds economy after a major new sale in the city.

Following on from several months of relative quiet in the Yorkshire city’s commercial property sector, it has now been confirmed that the Mortec Office Park has been sold as part of a multi-million pound investment deal.

Under the agreement, the business development has been sold by King Sturge, with the property firm acting on behalf of the London-based Falcon Property Trust.

Ben Hall, an associate in King Sturge’s Leeds-based investment team, told the Yorkshire Evening Post: ’This sale, which is further evidence of investment deals returning to the Yorkshire commercial property market, offers good asset management potential for the buyer who will benefit from an attractive return on their investment.’

This comes days after the Leeds business community welcomed the news that Ryanair is due to expand its operations from the city’s airport at the expense of neighbouring Manchester.
ADNFCR-2318-ID-19327160-ADNFCR