Manchester-based Bruntwood has bought the former Ernst & Young HQ office building in Leeds from Patron & Princeton for an undisclosed amount.
The 38,000 sq ft Building ‘C’ at Cloth Hall Court is located at the junction of King Street and Quebec Street and will become vacant next year.
It is Bruntwood’s fourth purchase in Leeds where it owns the West one, Westgate and Hepworth House office buildings. It plans to refurbish the building once it is empty.
Patron & Princeton still owns Building ‘A’ and plans to use the proceeds from the sale of Building C to redevelop the building.
Alan Lee, director at Patron & Princeton, said: ‘Bruntwood's contribution will complement our scheme and help redress the shortfall in supply to meet the rising demand for high calibre accommodation in the city.’
GSD advised the vendor. King Sturge advised Bruntwood.