Friday, November 1, 2024

Converted mill in Leeds sold for £17m

JM Construction has sold a converted mill at the Victoria Riverside development in Hunslet, Leeds to global real estate investment and fund management firm, LRC Group for £17m.

Comprising 93 apartments, Mill F was the final mill to be sold in a wider project converting a mix of grade II and II* listed former Hunslet and Victoria flax spinning mills to create a new £50m residential site.

Now completed, Victoria Riverside comprises 350 one, two and three-bedroom units, including penthouse apartments, across six individual buildings.

A team from law firm Gordons, led by partner and head of residential development, Michael Finnett advised JM Construction on the sale.

John Mulleady, Managing Director at JM Construction, said: “Victoria Riverside is a development where classic meets contemporary and is truly a landmark scheme for Leeds.

“It was great to work with Gordons on this latest sale. The firm’s effective, practical and straight-talking advice has been instrumental throughout the development’s entire journey.”

Gordons partner, Michael Finnett added: “JM Construction is a developer with a strong track record for converting derelict buildings and brownfield sites to create modern housing.

“It is exciting being involved in this award-winning development turning buildings that were once the industrial fabric of Leeds into modern properties without sacrificing their character.”

James Smart, Managing Director of Smart Investments, who acted as agents for the sale, said: “Victoria Riverside is an opportunity for tenants to live in an historic building with a modern architectural design and excellent location next to the River Aire – a great asset for the purchaser to add to their portfolio.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news