When The Bubble Bursts

Millions wiped off landmark Leeds office:

Millions of pounds have been slashed from the sale value of a landmark Leeds office building.

No.1 Whitehall Riverside in Leeds has been sold for £37.62m, just two years after New Star Asset Management paid £60m for it.

The building’s new owners are AIM-listed group London & Stamford Property.

For all you stat-lovers out there, this represents just over a 37% drop in price over two years. But given the amount of empty offices space available in Leeds, Tiberius still thinks London & Stamford Property have overpaid.


The URI to TrackBack this entry is: https://tiberiusleodis.wordpress.com/2009/05/09/when-the-bubble-bursts/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: