Member Article

Hat-trick of lettings for Leeds property investment firm

A Leeds property investment company has completed a hat-trick of lettings in Park Square, at the heart of the city’s central business district, to legal sector organisations.

Avtar Properties has let 25 Park Square West to solicitors Zermansky & Partners, 40 Park Square North to law firm BC Legal, and 41 Park Square North to barristers’ practice St Philips Chambers.

In all three transactions, Avtar Properties was advised on the legal aspects by Simon Mydlowski, a commercial property partner at Yorkshire law firm Gordons, and the letting negotiations with the tenants by Jonathan Phillips, of Leeds-based property consultants Dove Haigh Phillips.

Sukhvir Thethi, partner, Avtar Properties, said: “We’d worked with Simon before and been very impressed with the service he provided, as he’d demonstrated first-class legal expertise and the ability to move very quickly when that was needed. Those qualities were again evident over these three lettings.”

Mr Phillips said: “These lettings confirm the sustained recovery in the Leeds office market but also demonstrate that Park Square is one of the prime business locations in the city centre. Avtar Properties were also able to adapt to different requirements from the respective tenants, in order to meet all of their own individual needs.”

The three lettings are significant for Avtar Properties, as they help achieve its asset management and strategic objectives for its substantial commercial property investment and development portfolio in Leeds city centre.

This was acquired just under two years ago and the company intends to continue adding prime assets, building on its residential portfolio, which has existed for about four decades.

One of the UK’s most successful law firms, Gordons has offices in Leeds, Bradford and London, employs 265 people and has a turnover of more than £25.3 million.

Clients include Wm Morrison Supermarkets plc, construction and high performance materials manufacturer Saint Gobain, international brewers Molson Coors, greetings card retailer Card Factory and the world’s largest electrical heating business Glen Dimplex.

This was posted in Bdaily's Members' News section by Clare Burnett .