Boultbee Brooks Real Estate acquires St Paul’s House in Leeds

February 2014 London/Hereford – Boultbee Brooks Real Estate is pleased to announce the acquisition of St Paul’s House, Park Square, Leeds for a total consideration of £11.7 million. The 65,321 sq. ft. property is a striking Grade II listed building offering Grade A, institutional quality office space located in the heart of Leeds city centre.

Boultbee Brooks is planning to undertake some refurbishment of the floor’s offices along with engaging with architects to implement new interior design throughout reception and the common parts.

St Paul’s House was designed by Thomas Ambler who was a prominent architect in Leeds at the time who built and designed various buildings in Boar Lane. Built in 1878, St. Paul’s House was originally a warehouse and cloth cutting works for Sir John Barran, a pioneer of the Leeds clothing industry and mayor of the city from 1870-1871. Set to be demolished in the 1970’s, it was saved by public appeal in 1976 and extensively altered and restored into modern offices.

Today, St Paul’s House is a one of Leeds’ best known landmarks because it was built in ornate Moorish – Venetial style with decorative minarets, columns and arches. Work is expected to commence on this property in July 2014 and will be completed by the end of 2014.

Boultbee Brooks Real Estate managing director Clive Boultbee Brooks said:
“Recently voted one of Europe’s top 25 cities for business and the second largest employment centre in the UK outside of London, Leeds is located in the heart of the UK approximately 195 miles north of London , 44 miles north east of Manchester and 120 miles north of Birmingham. It is the principal commercial centre for Yorkshire and the financial and business capital of the north of England. Boultbee Brooks is excited to have attained St Paul’s House in such a highly prominent position on the southern edge of Park Square in the heart of the city’s legal and financial district.”

For more information contact:
Christine Elsasser
Boultbee Brooks Real Estate
+44(0) 20 73498454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com

www.boultbeebrooks.co.uk

Boultbee Brooks Real Estate crowns Kings House in Reading

Private property investment company Boultbee Brooks has purchased Reading’s 70,000 sq ft office building, Kings House.

Boultbee Brooks has acquired Kings House from LPA Receivers c/o Cordatus, and is planning a comprehensive refurbishment of the building to create an 84,000 sq. ft. Grade A office building, which will be available for occupation in Q1 2015.

The newly refurbished Grade A building will benefit from 12,000 sq. ft. unbroken floor plates as the central core will be relocated as part of the redevelopment. The building will also benefit from an unrivalled 1:598 sq. ft. parking ratio, providing 140 car parking spaces.
The building is located on Kings Road, which is close to the Oracle shopping centre and Reading train station. Other nearby Kings Road developments include Crest Nicholson redeveloping Kennet House into a high-specification apartment building, providing 103 apartments and penthouses. House of Fisher, a provider of executive serviced apartments, has also opened an apart-hotel at the neighboring 100 Kings Road. The upper floors will become an apart-hotel comprising 55 furnished, executive suites. Buzz Gym, a state-of-the-art health and fitness facility will occupy the ground and first floors.

Tom Fletcher, Director in LSH’s Reading office, says: “Kings House is perfectly placed to satisfy the increasing occupier demand in Reading and the Thames Valley. It will come to the market at a time when Grade A supply will be at its most constrained. Businesses who employ creative and highly skilled staff want to offer distinctive working environments with quality amenity and transport links to help retain, recruit and satisfy employees work and life needs. Reading has recently been judged the top micro European city of the future and is only 25 minutes from central London on the train.”

Clive Boultbee Brooks, says: “We believe that this development offers an exciting alternative to the competition. When completed in Q1 2015, it will provide an exclusive 84,000 sq. ft. self contained office building with several USPs, including unbroken floor plates of 12,000 sq. ft.to help create modern agile work space, and four times as many parking spaces as the average available office building in Reading town centre.”

Lambert Smith Hampton is the letting advisor to Boultbee Brooks. Savills and RARE acted for the LPA Receiver.

Aurum Real Estate acted for Boultbee Brooks Real Estate.

For more information contact:

Christine Elsasser
Boultbee Brooks Real Estate
+44(0) 20 73498454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com