Kenmore acquires another prominent Leeds city centre building

Kenmore purchases Merton House on Albion Street in Leeds

7 April 2008

Kenmore Property Group has purchased Merton House on Albion Street in Leeds for £6.8 million from Royal London Asset Management.  The prominent building is currently occupied by Argos on the ground floor and is the also the UK headquarters building for stockbrokers Redmayne Bentley.  Kenmore plans to carry out an extensive refurbishment of the 6 storey property, renewing the interior space with comfort cooling, raised floors and a new heating system, to provide 21,000 sq ft of grade A office accommodation.   Retail units up to 12,000 sq ft will also be released when the project completes in late 2008.

Ben Moorhouse, Investment Director at Kenmore Property Group commented; ‘Despite current economic uncertainty Kenmore remains committed to investing in commercial property within the Yorkshire region.  Since opening our Leeds office we have acquired City House and Bridge House in Leeds as well as No. 1 North Bank in Sheffield and we remain keen to acquire further investment opportunities.  Merton House is a well located building within the prime retail core and provides an opportunity to add value through active asset management.’ 

Kenmore was represented by Steadman Brierley and Jones Lang LaSalle represented Royal London Asset Management. 

Colliers CRE is sole agent for the office accommodation and Pudney Shuttleworth will be presenting the retail element.

-ENDS-

For further information, please contact:

Denise Hamilton, Marketing Manager, Kenmore
020 7629 4480
denise.hamilton@kenmore.co.uk 

Dido Laurimore/Nicole Marino, Financial Dynamics
Tel: 020 7831 3113