Thu, 15 Aug 2013 | COMMERCIAL PROPERTY
The Opal 3 tower, the third tallest building in Leeds and home to over 500 students, has been placed on the market.
Located close to the University of Leeds and the Civic Quarter campus of Leeds Metropolitan University, the 25-story tower was built in 2007.
The tower was Opal Property Group’s flagship building before it entered administration in March this year, suffering with debts exceeding £880 million. Opal’s portfolio of student accommodation properties was subsequently placed in the hands of administrators from Grant Thornton, LPMG, PwC and Ernst & Young.
DTZ is marketing the property for sale along with other Opal properties, and is seeking offers upwards of £27 million for the Opal 3 tower. Tim Cameron-Jones, senior director at DTZ, says expressions of interest have been received from all the major players in the property sector and from overseas as well.
Opal 3 has cluster flats for up to six students, comprising mainly single en-suite rooms, with a smattering of double-bed rooms and studio flats and a gym on the 23rd floor.
The property is superseded in size by office and residential skyscraper Bridgewater Place and The Plaza Tower, built for 572 student apartments and opened in 2009.
This is an opportunity to acquire the shares, business and/or assets of an electrophoretic and powder coating specialist located within the North East of England. Indicative proposals, supported by proof of funding, are accepted by no later than 4pm...
This unique holiday accommodation business offers distinctive, design-led stays on over 15 acres of private land, complete with exceptional amenities and a residential property. With a strong occupancy rate of over 90% and excellent guest reviews, it...
FREEHOLD
This exceptional opportunity allows you to acquire a leading UK business in pneumatic tube systems for healthcare, boasting exclusive distribution rights and strong client retention through multi-year service agreements.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.