9th Dec 2015 09:55
LONDON (Alliance News) - Property investor Alpha Real Trust Ltd on Wednesday said it has struck a deal to acquire the Monk Bridge residential development in Leeds for GBP3.8 million.
The company said the site is in central Leeds and has planning consent for 269 residential apartments over 140,000 square feet of saleable floor space, with potential also for ground floor commercial developments to be added.
The project has a potential gross development value of GBP55.0 million, Alpha Real said.
Shares in Alpha Real Trust were untraded on Wednesday at 80.42 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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