Construction firm sells offices after refurbishment

Sheffield construction group JF Finnegan has sold its Elizabeth House office re-development in Leeds
Sheffield construction group JF Finnegan has sold its Elizabeth House office re-development in Leeds
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Sheffield-based construction group JF Finnegan has sold Elizabeth House, the 25,000 sq ft office block it acquired on Queen Street, Leeds, in 2011.

Finnegan’s undertook a comprehensive refurbishment programme to transform the block into a Grade A space.

The building is now the headquarters of law firm Clarion, which occupies 15,000 sq ft. Following lettings to Leeds, York & North Yorkshire Chamber of Commerce, Stanley Davis Group and Murray Harcourt, just one 2,000 sq ft suite remains unoccupied.

Finnegan’s director, Nick Gillott, said “Elizabeth House has been an incredibly successful project for us from the initial deal to Clarion through to the tenants we have attracted following the comprehensive refurbishment.

“The building is in a fantastic location within Leeds’ core business district and being almost fully let, presented a great investment for the purchaser. We are delighted to have brought the building back to life and are now turning our attention to similar future projects.”

Lawyers Irwin Mitchell advised Finnegan on the original acquisition and the sale to an institutional investor.

Irwin Mitchell real estate associate James Knowles said: “Elizabeth House has been a very successful project for our long-standing client, JF Finnegan, and we are delighted to have had the opportunity to work with them during every stage.

“The building has attracted new tenants despite tough economic conditions, which certainly highlights its excellent location and the success of the refurbishment works.”