MCR Property Group, the Manchester-headquartered investment and development firm, has acquired Headrow House, one of Leeds' most recognisable city centre office buildings, in a deal that underscores growing institutional appetite for well-located regional commercial assets. While the consideration paid has not been formally disclosed, industry sources suggest the transaction reflects the kind of value repricing that has characterised the Leeds office market over the past 18 months, with prime yields in the city now sitting comfortably above 7%, considerably more attractive than London's sub-5% core yields for comparable stock.
MCR Property Group Snaps Up Leeds Landmark Headrow House
MCR's acquisition of Headrow House signals renewed investor confidence in Leeds city centre commercial stock amid a wider regional repricing.
Topics
Leeds propertyMCR Property Groupcommercial investmentoffice-to-residentialregional property market