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BusinessTalk: How they lost £10m on a single office building in Leeds
One of the weekly podcasts from the Yorkshire Post
AN international real estate fund has bought the landmark Princes Exchange office block in Leeds in the biggest deal of its kind this year. Listen to informed debate in your weekly business programme from the Yorkshire Post.
• Listen or subscribe free in iTunes
Credit Suisse Real Estate Fund Global is understood to have paid close to the asking price of £36.915m for the prime property, which is home to law firm DLA Piper and serviced officer provider Regus.
The seller, Canada Life Investments, had purchased the building from Credit Suisse at the top of the market in 2005 for £46.5m.
In this week’s programme, we ask why provincial properties such as this are in such favour with real estate funds.
Also in the programme:
• Meadowhall goes up market.
• A new survey suggests Yorkshire manufacturing is growing.
• Why venture capitalists have such a bad rep.
• Two giant dairies merge.
Digital Editor David Behrens is joined in the studio by the Yorkshire Post’s Business Editor Bernard Ginns and Deputy Business Editor Greg Wright.
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Wednesday 23 May 2012
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Comments
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TheKLF99
Wednesday, August 31, 2011 at 08:34 AMThat seems like a really good idea of the banks, at least they're being fair and warning people first, rather than just sending the bailiffs round and telling them to go and repossess the house. I've cut back on a lot of things myself due to common sense, including switched to PAYG mobile on GiffGaff so I'm now only paying £10 per month rather than £25, and my mum and sister both pay for Sky TV, personally I'd cancel it tomorrow 'cos the amount of repeats on it every day it's just not worth it, the only channels that are worth watching are free anyway when you remove the
haohao
Tuesday, April 19, 2011 at 03:52 PMComment removed by moderator
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