Pair of Thorpe Park office buildings sold in £12.1m deal

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Sheffield office building snapped up for £3.56m
Credit: Shutterstock.com/ kan_chana

Real estate developer Scarborough International Properties has sold two office buildings at Thorpe Park in Leeds to a Charitable Trust for £12.1 million.

The two, three storey Grade A buildings constructed in 2004, provide a combined total of 52,845 sq ft of offices with generous car parking, let to tenants including BAM Construction, Duchy Homes and Jelf.

Knight Frank acted for Scarborough, the Charitable Trust were unrepresented.

Scarborough International Properties has also completed its third letting at Paradigm, the first speculative Grade A office building delivered as part of the phase two development at Thorpe Park with a 2,550 sq ft letting to Renew Holdings who have taken a 10-year lease.

Paul Holcroft of Scarborough International Properties said: “Following the other recent sales at Thorpe Park, the level of interest and price achieved for these buildings is evidence of the demand for prime office assets at Thorpe Park Leeds.

“The quality of the scheme continues to attract occupiers who recognise the importance of The Springs amenity and welfare provisions on offer, helping them attract and retain the highest quality staff.”