Grosvenor Britain & Ireland has completed the acquisition of Toronto Square, a landmark office building in Leeds from a fund advised by J.P. Morgan Global Alternatives for an undisclosed amount.
The building, which holds a BREEAM Excellent rating, provides 88,500 sq ft (8,220 m2) of Grade A offices and is 96% let to occupiers including CBRE, Bevan Brittan, Franklin Templeton and Quilter.
Keith Bailey, investment director, Grosvenor Britain & Ireland, commented: ‘Toronto Square is a highly respected sustainable prime office building, which has proven to be popular with Leeds occupiers. Following on from the recent refurbishment works undertaken by J.P. Morgan, we will continue to invest in the building’s amenities and environmental performance to maintain its reputation as one of the market’s landmark office locations as supply of new space tightens and levelling up opportunities increase.’
GBI’s Investment team manages a £1 bn UK property portfolio, comprising assets and projects outside of its historical Mayfair and Belgravia holdings.
JLL acted for Grosvenor and Savills and CBRE for J.P. Morgan Global Alternatives.
