“Our finance has allowed our clients to seize the opportunity to purchase this mixed-use office building, which is fully let, having undergone a multi-million-pound transformation in recent years to create some of the best office space in the city”
– Michael Devanny – Together
Together has announced that it has provided a £5.84million commercial mortgage to finance the purchase of a newly refurbished landmark building in the heart of Leeds city centre.
London-based Oblix Development Holdings acquired 8 Park Row, a 43,757 sq ft mixed-use property that includes basement, ground, mezzanine, and upper office floors.
The prominent corner building is fully let to six tenants, including NatWest, the not-for-profit education provider Study Group Limited, and Black Sheep Coffee. Together, which manages a loan book of £8billion, financed Oblix’s acquisition.
Michael Devanny, corporate development director for Yorkshire at Together (pictured), said: “This was a unique opportunity to purchase a landmark building in Leeds, a city recognised as the country’s leading financial and legal centre outside of London.
“Our finance has allowed our clients to seize the opportunity to purchase this mixed-use office building, which is fully let, having undergone a multi-million-pound transformation in recent years to create some of the best office space in the city.”
Rishi Passi, CEO of Oblix Development Holdings Limited, said: “We’re delighted to complete the acquisition of 8 Park Row, a landmark asset in one of the UK’s strongest regional office markets.
“The building’s recent transformation, strong ESG credentials and exceptional tenant mix make it a standout long-term investment. We’re grateful for Together’s support in helping us secure this opportunity and look forward to continuing our strategy of identifying and delivering high-quality real estate across key regional cities.”
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