21,433 sq ft | £5.85 million | 9.18%
Sector.
Office Investment
Client.
Private Client
Location.
Leeds
Acquisition of Grade A office investment.
Edwards acquired Centrum 4600, a high-quality Grade A office investment at Thorpe Park, Leeds, on behalf of a private client.
The 21,433 sq ft property, which includes ground floor retail and leisure accommodation, was acquired for £5.85 million, reflecting a net initial yield of 9.18%. The building is let to Dr. Oetker (UK) Limited on a 15-year lease, alongside retail occupiers Greggs and Francos, providing a diversified and secure income profile with a WAULT of over 12 years.
Our work.
Edwards identified and secured the opportunity, undertaking detailed investment analysis and negotiating terms through to completion. The acquisition reflects the firm’s strategic focus on prime regional investments offering strong income security and long-term value.
The Results.
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Project overview.
A strategic acquisition of a prime regional office investment with strong income security and diversified tenant profile.
The challenge.
To secure a high-quality asset with long-term income stability in a competitive investment environment, while ensuring strong covenant strength and future value potential.
What we delivered.
Edwards undertook detailed investment analysis and identified the opportunity. The team provided strategic advice throughout the acquisition process and negotiated terms through to completion.
The result.
The client secured a well-let asset anchored by Dr. Oetker (UK) Limited, with additional income from retail occupiers Greggs and Francos, delivering a secure, diversified income stream and long-term investment value.
