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Private Investors Set To Buy Leeds Lumiere Site

September 2, 2013 | Company News   Landlord News  

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The Lumiere site in Leeds city centre has been a bit of an eyesore ever since owners KW Linfoot’s plans to develop Western Europe’s largest residential skyscrapers were abandoned in 2009, when the credit crunch rendered the scheme “commercial suicide”.

But now a £5m deal to buy the site is close to completion. Roydhouse Properties Central Square is the name of the consortium of private investors who are to buy the site and intend to develop a total of almost 200,000 sq ft of top quality office space, taking advantage of the growing demand for commercial property in Leeds. Two of their major investors are millionaire entrepreneur Steve Parkin, who owns Leeds-based Clipper Logistics, and co-founder of retail chain Bonmarché Gurnaik Chima.

Mark Barnes, asset manager to Roydhouse Properties Central Square Ltd, said, “Our acquisition means that the Central Square development, the final remaining part of undeveloped land in this area, can now move forward with confidence. This is nearly 1.5 acres within the core of Leeds city centre.

“It provides us the opportunity to start our new venture with an iconic building on a great site in Leeds.”

 

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