Investec lends £5.1m to finance Leeds co-working venture

The entire 35,000 square foot Grade II-listed property (pictured) has been fully let on a 25-year full repairing and insuring (FRI) lease to Avenue HQ.

It offers a combination of co-working space, private offices, meeting rooms, studios and event space. RBH Properties acquired a majority share in Avenue HQ in 2017.

Erin Clarke, at Investec Structured Property Finance, said: “RBH Properties is an established and dynamic real estate business with whom we are pleased to be working on this project and supporting its exciting growth plans.

“Having secured a 25-year lease with Avenue HQ, who already have a successful track record in Liverpool, this prestigious building will help meet the demand for modern office space in Leeds.

“Flexible working is here to stay and its evolution has been one of the driving factors of recent positive office sector performance across the country.”