Irwin Mitchell has advised a property development business on the acquisition of the former Savills building at 46-48 Bootham in York from the Helmsley Group.
York Two acquired the three-storey property, which was built in the 1950s after the site was damaged during the Second World War. It is a well-known building in York and is located next to the Bar Walls in the city alongside Marygate.
The property development business intends to convert the building into 14 residential apartments.
Clare Davitt (pictured), a real estate senior associate in the Leeds office of Irwin Mitchell, advised York Two on the deal.
Commenting on the deal, Davitt said: “This is a well-known building in York and I’m delighted to support York Two on this transaction.”
“The property has a superb location in York and I look forward to seeing the completed development which will no doubt add high quality residential stock to the city.”
The project manager was Matthew Gration at Aspect 4. The architect was Lee Vincent at DC Architecture.
Dean Russell, director of York Two, said: “This property is a great investment opportunity in a prime location in York. We are looking forward to how the project will look when it’s finished.”
The Irwin Mitchell group recently announced significant growth in its turnover and profit for the 2018/19 financial year.
Turnover for the group, which has offices in Sheffield and Leeds, was up 9% to £263 million (FY18 £242 million) with profit rising 76% to £21 million (FY18 £12 million).