Leeds landmark office building secured with £5.84m commercial mortgage.

Leeds has seen more than £4 billion of large-scale development projects between 2014 and 2024, cementing its position as one of the UK’s most dynamic regional cities.

Against this backdrop of major investment, London-based Oblix Development Holdings identified a prime opportunity in the heart of the city centre.

The challenge

Oblix wanted to acquire 8 Park Row, an impressive office building just one minute’s walk from Leeds train station, comprising 43,757 sq ft of mixed-use space.

Recently refurbished with a £4m high-quality fit-out, the property offered:

• 26,928 sq ft of Grade A office space across seven upper floors.
• A fitness studio, showers and changing facilities.
• Secure underground parking with EV charging and bike storage.
• An EPC rating of B, a BREEAM rating of ‘very good’, and a Wiredscore gold certification for outstanding digital infrastructure.

Available fully let with six resident tenants, including NatWest, not-for-profit education provider Study Group Limited, and Black Sheep Coffee, the building combines strong ESG credentials with an exceptional tenant mix.

Oblix needed a lender with the appetite and flexibility to make the deal happen.

The solution

Oblix discussed their plans for the building, and their exciting wider strategy, with us. We were happy to provide a £5.84 million commercial mortgage, enabling them to finance the acquisition.

Michael Devanny, Corporate Development Director for Yorkshire at Together, said: “This was a unique opportunity to purchase a landmark building in Leeds, a city recognised as the country’s leading financial and legal centre outside of London.”

“Our finance has allowed our clients to seize the opportunity to purchase this mixed-use office building, which is fully let having undergone a multi-million pound transformation in recent years to create some of the best office space in the city.”

The result

Rishi Passi, CEO of Oblix Development Holdings Limited, said: “We’re delighted to complete the acquisition of 8 Park Row, a landmark asset in one of the UK’s strongest regional office markets.

The building’s recent transformation, strong ESG credentials and exceptional tenant mix make it a standout long-term investment. We’re grateful for Together’s support in helping us secure this opportunity and look forward to continuing our strategy of identifying and delivering high-quality real estate across key regional cities.”

Looking to fund your next commercial property acquisition or refinance an existing asset? Our Corporate team specialises in flexible, common-sense lending solutions for businesses and investors across the UK.

Speak with our team and discover how Together can help you seize your next opportunity.