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The property is superseded in size by office and residential skyscraper Bridgewater Place and The Plaza Tower, built for 572 student apartments and opened in 2009.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 unique business excels in the import and distribution of hairpieces across diverse sales channels, boasting a vast product range designed to look natural for all customer segments. With strong supplier relationships and a multifaceted sales stra...
This established business is a leading provider of customised boiler analysis systems, boasting strong, long-term relationships with prestigious clients in the power, refinery, and defence sectors. With a talented team and a solid presence in interna...
This business offers a strategic position as a UK agent for a renowned recycling machinery manufacturer, serving a robust client base that includes international blue-chip organisations. With opportunities for expansion into new sectors and a fully r...
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.