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| King Court sold in multi-million pound investment deal One of Leeds best-known city centre offices buildings has been sold by property consultants King Sturge in a multi-million pound investment deal. Kings Court, King Street, with its imposing entrance and prominent position on the corner of King Street with Quebec Street, has been sold for an undisclosed sum by the King Sturge Leeds-based Investment team acting for Alliance Trust Real Estate Partnership Limited, an investment company based in Dundee. Kings Court, which is in the heart of Leeds' business district and has 47,698 ft² office space over seven floors, has been sold to a Swiss based private trust in a deal which represents an 8.4 per cent yield. Built in 1989, King's Court is let to one of the country's leading independent commercial law firms, Walker Morris, which has 51 partners, at an annual rent of £891,000 on a 25-year lease which expires in 2014. write your comments about the article :: © 2010 Construction News :: home page |