Knight Frank has announced the sale of Network House on behalf of its client Columbia Threadneedle Investments
Network House in Leeds(Image: Knight Frank)
A modern warehouse in Leeds has been snapped up by new owners for an undisclosed sum. Network House in south Leeds has been sold after a deal was struck by Knight Frank’s Yorkshire industrial and logistics team, on behalf of its client Columbia Threadneedle Investments.
The warehouse has been bought by Wilson Power Solutions, which specialises in manufacturing electrical transformer equipment. The company is based close by, off Westland Square in the Beeston area of south Leeds.
The impressive 67,760 sq ft modern warehouse in Middleton Grove was fully refurbished by Columbia Threadneedle Investments in 2023 and is said to be one of the most energy efficient properties on the market, with a full solar roof and EPC A+ rating.
Iain McPhail, partner in Knight Frank’s industrial property and logistics team, 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.
“This deal has also been a real team effort on all sides, and it has been a pleasure working with our clients at Columbia Threadneedle Investments, CMS UK Solicitors, and GV&Co, who acted for the purchaser.”
Tom Goode of GV& Co adde: “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”.
Knight Frank acted for Columbia Threadneedle Investments and GV&Co acted for Wilson Power Solutions.
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