Indigo Blu – Leeds City Centre
T&B were instructed by Merin Properties to sell Indigo Blu in Leeds City Centre. The scheme, completed in 2013, is a purpose built development incorporating 46 one and two bed apartments, approximately 10,000 sq.ft. of office space, and 21 car parking spaces in a basement car park.
The marketing was to be discreet, and as such T&B identified likely purchasers, and approached individual parties directly, providing information once a Non-Disclosure Agreement had been signed by each party. The parties approached were carefully selected utilising our market knowledge of those investors with an appetite for an opportunity of this nature, and with the financial wherewithal to complete such a transaction.
This discreet approached secured a sale of the building to Grainger PLC, at a value that reflected a yield not achieved by any vendor in Leeds in over 10 years.