Columbia Threadneedle Investments has sold the 67,760 sq ft Network House in south Leeds to Wilson Power Solutions for an undisclosed price.
The modern warehouse, which is located in Middleton Grove in the Beeston area of the city, was fully refurbished by the fund in 2023 and features a full solar roof and an EPC A+ rating.
Iain McPhail, partner in Knight Frank’s industrial property and logistics team, which advised Columbia Threadneedle Investments on the deal, said: “This significant deal is a strong indication that the Yorkshire industrial property market remains resilient. Network House, which was extensively refurbished throughout and with headquarter-style offices was always going to attract interest in the market, especially given its proximity to both Leeds city centre and Yorkshire’s excellent motorway network.”
Tom Goode, from GV& Co, which acted for Wilson Power Solutions, added: “It was a pleasure to act for long-standing client Wilson Power Solutions on acquiring Network House. Network House offered a unique opportunity to acquire a fully refurbished building, close to their current HQ, that will be integral to the next phase of growth for the business.”
