Indigo Blu, Crown Point Road, Leeds

Acting on behalf of Merin properties, T&B have sold this freehold investment consisting of 46 one and two bed apartments and approximately 10,000 sq. ft. of commercial space to Grainger, the UK’s largest listed residential property owner and manager. The purchase price of £7.6M reflects a blended gross yield of 7% previously not achieved in Leeds for a residential investment of this scale. The sale was secured via a discreet targeted marketing of the opportunity by T&B.