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Gva Grimley Takes Largest Lpa Appointment Leeds Prime Retail Hub

Wednesday, 07 April 2010

West Riding House, located in Leeds' prime retail core and home to leading retailers such as Next and Tesco Metro, has gone into receivership.


Andrew Rodger and Roger Phillips from leading UK property consultant GVA Grimley were appointed on 6 April 2010 as Law of Property Act (LPA) Receivers by Anglo Irish Bank Corporation Limited.


The 1960s built property incorporates 11 retail units including Moss Bros, Pret a Manger and Superdrug and fronts onto Bond Street and Albion Street, two of the city's prime retail areas.


West Riding House includes 150,000 sq ft of retail units, a 15-storey office tower with under-ground parking for 47 spaces and a 466 space multi-storey car park.


Andrew Rodger, director at GVA Grimley's Leeds office, confirms: "This is the largest LPA appointment any firm has handled in Leeds during the recession.


"Behind GVA Grimley's successful appointment is the fact that our multi-discipline team, including office and retail agency, property management and the corporate recovery divisions will all collaborate to asset manage the property in the coming months.


"This will allow us, as receivers, to strategically review the options and it is likely we will invite potential interested parties to step forward with their bids in due course. At the current time, it is business as usual for retailers, tenants and customers of West Riding House."


Interested parties should indicate their interest by contacting GVA Grimley on 0113 2808046.


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Issued on behalf of GVA Grimley by Beattie Communications.