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.

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