Leopard Capital has acquired a industrial and distribution estate adjacent to Leeds Bradford Airport from Broadland Properties Group for £25m.
The Leeds Bradford Airport Depot (LBAD) offers approximately 1.25m sq ft within a single building on a 60-acre site. The investment is Leopard Capital’s debut purchase in Yorkshire.
James Hill, director at Broadland Properties Group, said: “After significant capital investment in the building, it became a true engine of growth, with a strong continuing income stream. With changing group investment criteria and an ambitious acquisition pipeline, the time had come for Broadland Properties to pass this signature building into new ownership.”
Garry Howes, director of investment at GV&Co, which advised Broadland on the deal, added: “LBAD is a unique, high-yield, multi-let investment opportunity with a rich trading history. The deal reflects confidence in the industrial sector and the North of England’s commercial property market.”
Commercial Property Partners (CPP) represented Leopard Capital.
