Gatehouse Bank, represented by Savills, is pleased to announce that it has successfully concluded on behalf of investors the sale of One Sovereign Street in Leeds to Artmax. The 139,079 sq ft (12,920 sq m) Grade A office is fully let to BT on a lease with 17.25 years unexpired, incorporating RPI linked rent reviews. The property was built in 2002 and is arranged over ground and six upper floors, with an open plan office design around a feature atrium. Located a short walk from Leeds station, nearby occupiers include KPMG, Direct Line Group, Addleshaw Goddard, Eversheds and Asda. Mark Wilson, investment director at Savills, comments: “We are pleased to have secured the sale of One Sovereign S
During a planned visit to the State of Kuwait, Gatehouse Capital K.S.C.C. (“Gatehouse”) welcomed Holliday Fenoglio Fowler, L.P. (HFF) over a meeting to discuss the prospects and opportunities of investing in the U.K. and the U.S. markets. During the meeting, which was joined by the U.S.-based real estate investment and advisory firm Arch Street Capital, they outlined their plans to cooperate on the development of a range of diverse investment products aimed at the growing market segments in the U.K. and the U.S. This meeting comes shortly after the announcement of HFF mediating a deal of the recapitalization of a fully leased, mission-critical 11-property industrial portfolio totaling 2.77 m
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