By: 17 February 2020
Schofield Sweeney advises YPP on LS1 The Headrow acquisition

Schofield Sweeney has acted for Yorkshire-based property company YPP in its latest acquisition.

YPP Lettings has acquired LS1 The Headrow, a highly sought-after office building in Leeds city centre, on behalf of the group’s clients for £2.635 million.

LS1 The Headrow is a boutique office space in the professional heart of Leeds city centre and it comprises of a ground floor retail unit and newly refurbished offices on the upper floors.

The building is located immediately opposite the Light. Surrounded by a variety of restaurants, bars and coffee shops, it is five minutes’ walk from the train station and the city’s main shopping district is on the doorstep.

The strategic deal follows the purchase of Westgate Point for £9.3 million in December 2019, as well as the acquisition of 23 Butts Court for an undisclosed sum.

Farooq Zar (pictured), partner  in Schofield Sweeney’s commercial property team, said: “We are delighted to have advised YPP’s clients on the purchase of such a high profile property in central Leeds. The purchase demonstrates their commitment to the City. YPP continue to grow at a rapid pace and it is a pleasure once again to work with them.”

In January, Schofield Sweeney promoted Laura Salvati to partner. She joined the law firm in 2012 and now leads the property litigation team in Leeds. She acts for a broad range of clients, including developers, national retailers, shopping centres and owner-managed businesses.