Gatehouse Bank Facilitates the Acquisition of 'The Mint' in Leeds
London, 7 July 2019 – Gatehouse Bank, has facilitated the acquisition of The Mint on behalf of real estate investors. The ca 120,000 sq. ft. office building in Leeds was acquired from pan-European institutional investor, Patron Capital.
The Mint is a modern, well-located, Grade A office building, built in 2009 and arranged over eight floors, in the city’s Holbeck district, just 500m south of Leeds train station. It is currently fully let until January 2033 to Dart Group Plc, the logistics specialist and owner of Jet2 Holidays and airline Jet2, the third largest UK airline.
Gatehouse Bank was represented by BNP Paribas Real Estate and advised by Shepherd and Wedderburn as lead legal counsel.
Paul Stockwell, Chief Commercial Officer at Gatehouse Bank said:
“Gatehouse is building a portfolio of commercial properties across key areas of the UK due to the long-term strength of the UK economy and the positive outlook of the key regional markets.
“Leeds is a robust financial centre with a hive of growing commercial activity. We consider the city’s commercial real estate to be a solid investment, which will adequately protect investors’ capital long into the future.”