RBS appoints agents to market for sale the 5.86 acre Holbeck Portfolio in Leeds city centre
RBS announces that it has appointed property agents Gent Visick and Sanderson Weatherall to begin marketing for the potential sale of a 5.86 acre prime development site in Holbeck, Leeds (the “Portfolio”). The Portfolio comprises seven separate plots at the heart of Holbeck Urban Village on the Leeds South Bank and RBS is seeking offers to acquire the sites individually or as a whole.
DEADLINE FOR STAGE ONE BIDS 31 MARCH 2015
Potential purchasers are invited to submit expressions of interest by the deadline to include:-
1. Identity of purchaser;
2. Track record of purchaser;
3. Level of offer & any conditions;
4. Proof of funding;
5. Indicative timetable to exchange & complete;
6. Confirmation of which plot(s) the purchaser is interested in and an initial indication as to their proposals for the plots(s).
Once Stage One is closed the vendor will draw up a short list of parties to be invited forward to the second stage.
The Portfolio represents a unique major development opportunity in the heart of Leeds and, with the benefit of extensive road and canal frontages, the sites are particularly prominent and accessible.
The portfolio comes with a range of existing planning permissions which RBS renewed in the summer 2014, most notably an outline consent covering three plots for a modern mixed use -led scheme, comprising c246,000 sqft of offices and 432 flats.
The entire portfolio is located within the City Centre Boundary, as shown within the Leeds UDP review, and the wider area is designated as the Holbeck Strategic and Mixed Use Regeneration area.
RBS’s development team has also advanced plans for an extensive redesign of the site comprising a predominantly residential scheme for the complete Holbeck Portfolio which includes over new 700 homes and 200,000 sqft of office, retail and hotel space, as well as a multi-story car park. The new design also includes a strong element of public realm regeneration, including improved access to both the Leeds-Liverpool canal frontage, as well as to the Hol Beck.
As part of the process of drawing up plans for the new scheme, which would require a new planning consent, RBS’s team undertook an extensive consultation and engagement process with the local council and planning officers.Visitwww.TheHolbeckPortfolio.com for more information and to express interest.
Helen Gordon, Global Head of Real Estate Asset Management at RBS, said: “The portfolio represents an extremely attractive and unique opportunity to purchase a prime development site in central Leeds with an existing planning consent. We have also created an alternative scheme, following consultation with the local authorities, which provides further flexibility and options for a potential buyer. The site is being offered both as a whole, or as individual plots, and we anticipate a very high level of interest for this portfolio from both national and local developers.”