Independent property consultancy Edwards has facilitated the acquisition of Centrum 4600, a prime office building in Thorpe Park, Leeds, for £5.85 million on behalf of a private investor. The four-storey, 21,433 sq ft property serves as the UK headquarters for Dr Oetker (UK) Ltd and features ground-floor retail and leisure space.
The building underwent a significant refurbishment, including mechanical and electrical upgrades, prior to Dr Oetker committing to a new 15-year lease in 2022. Additionally, the retail space on the ground floor, spanning 4,965 sq ft, is leased to Greggs and Franco’s.
This acquisition was driven by the building’s strong location in one of Leeds’ most accessible business hubs, combined with a robust tenant mix and recent capital improvements, positioning the asset for stable, long-term returns. Quasar Real Estate sold the building, with Newmark overseeing the transaction.
