YPP Lettings has expanded its investment portfolio with the acquisition, on behalf of its investors, of St George House Leeds, a multi-story building currently let to Global Banking School in the centre of Leeds.
The acquisition was for a “substantial value” and was supported by finance from National Bank of Kuwait (International) PLC.
Farooq Zar, partner in Schofield Sweeney’s real estate team, acted on both the purchase and the finance elements of the transaction and was assisted by Oliver Brooke, solicitor.
Farooq Zar said: “It was a pleasure to assist YPP and its investors with their ever-expanding portfolio in Leeds and nationwide.
“The transaction was substantial in terms of value and complexity, with both us and our client working closely with the seller’s professional team to ensure a successful outcome for both the seller and the buyers. I look forward to working with YPP and its investors in the future.”
