The real estate team at Midlands law firm Lodders has advised on the sale of a converted mill building at the gateway to Leeds city centre.
The Lodders team, led by partner Mark Lee, acted for Coleshill-based IM Properties on the sale of Vanguard House for £6 million to LaSalle Investment Management.
Lodders has a long and established business relationship with IM Properties and has advised it on many of its property and real estate transactions across the UK, with the sale of a portfolio of ten properties valued at £40 million among other recent deals.
Vanguard House, which is on Leeds’ Dewsbury Road at the entrance to the city centre, was refurbished in 2001 to provide 28,435 sq ft of office space.
Mr Lee said: “Having dealt with the re-gearing of the lease, Lodders was able to put together a comprehensive sales pack including all searches, which enabled the buyer to proceed quickly - a great result for the client at the end of a very busy year.”
Vanguard House is already fully let to IT services and software company Civica UK which expanded within the building to take full occupation with more than 200 staff, a national Customer Showcase Centre and UK hub office.