Scarborough International Properties and its partner, Legal & General, sold a top-notch office building for £ 10.2 million in Thorpe Park Leeds, in Leeds, England.

The name of the office is known as Paradigm. The 3-storey office provides a class A office space of 31.650 m2 and parking space for 122 vehicles. Inside the building are important tenants. These are Pure Pension (12.575 m2), Wates Construction (10.275 m2), EP UK Investments Limited (6.250 m2) and Renewal Holding (2.550 m2).


During the sales agreement, Knight Frank dealers preferred CBRE.

Paul Holcroft, Director of Asset Management at Scarborough, said: “As the first speculative office building in this phase, Paradigm has been a very successful project.

“Following the completion of The Springs we have seen a significant increase in the number of office occupiers turning their attention to Thorpe Park, attracted by the ease of getting here either by car or public transport, the availability of parking, the feel of open space and the convenience of The Springs on the doorstep”.

Rachel Dickie, Head of Urban Regeneration at Legal & General Capital, added:“The sale of Paradigm is testament to our ambition to deliver Grade A office space at Thorpe Park Leeds that is on par to the city centre by creating institutional-quality assets. As a result, we have attracted some fantastic businesses to east Leeds and we have already started on our next speculative office building, now partially pre-let to Pharmacy2U. With the recent completion of the Springs, our retail and leisure destination, we are committed to creating a dynamic and varied destination at Thorpe Park Leeds”.

Source: thebusinessdesk.com

Sevdenur Demir / [email protected]