Carter Towler’s York office is celebrating its first year, marked by several major commercial property transactions.
Miles Lawrence, Director of Carter Towler’s York office, said: “We’re incredibly proud of what we’ve achieved and the strong client relationships we’ve built. We’re excited to maintain this momentum and continue supporting businesses and investors in York’s property market.”
Notable deals concluded in the first three months of 2025 include advising, jointly with Polestar Asset Management, on the leasehold acquisition of East Coast House, Skeldergate, on behalf of serviced office provider Wizu Workspace. The 21,000 sq ft riverside property has been leased for 15 years and will undergo a major re-fit to provide premium serviced office spaces. This deal represents the largest York city centre office letting in recent years.
In another milestone Carter Towler has advised on the re-letting of 2 Birch Park. After more than 20 years of occupation by a medical distribution business, the owners of 2 Birch Park have undertaken a substantial overhaul and upgrade of the industrial building to provide a flagship facility for DJ Assembly Limited, the electronic manufacturing businesses.
DJ Assembly Limited has taken a new 10-year lease at an initial rent of £180,000 per annum. The owners’ programme of works included a new customer facing entrance as well as fully upgrading all the internal ancillary office space, increasing the Gross Internal Floor area from approximately 1,800 sq m to 2,000 sq m. DJ Assembly have further invested into the internal structure of the building to create their state-of-the-art facility.
The office also facilitated the sale of Victoria Vaults public house on Nunnery Lane, York, for £395,000 and advised on the leasehold disposal of 2,398 sq ft at Bridge House, 1A Low Ousegate, to Brightsparks Agency, who signed a 5-year lease at £45,000 per annum.
In addition, Carter Towler advised High Baune Limited on disposal of Tribune House, Centurion Park, a 4,520 sq ft office building leased to York NHS Teaching Hospitals until 2030. The property sold for £600,000.
At Vangarde Shopping Park, the York office advised Associated British Foods Pension Trustees Limited on the lease of a 3,500 sq ft unit to Hotel Chocolat, which signed a 10-year lease at £80,000 per annum.
Other notable lettings include 22 Colliergate, let to Listen To The Art at £29,750 per annum, 29 Market Place, Wetherby, let to St Vincent De Paul at £20,000 per annum, Mill House, York, with 1,935 sq ft let to Azendi at £38,700 per annum, and Moorside, Monks Cross, with part of the first floor let to Animalcare PLC at £48,765 per annum.
Since its establishment 12 months ago, the Carter Towler York office has advised on approximately £7.2 million in freehold sales and the generation of around £1.3 million in annual rental income across the retail, office, industrial, and leisure sectors.
