York HQ of Virgin Trains East Coast sold in multi-million pound deal

Virgin Trains East Coast’s headquarters in York has been been acquired by a syndicate of buyers in a multi-million pound deal.

Located on Skeldergate, alongside the River Ouse, East Coast House boats views over York Minster and Clifford’s Tower.

The property has been acquired by the East Coast House Syndicate, led by The Helmsley Group, from Debonair Estates.

Langleys Solicitors, also based in York, advised the syndicate on the acquisition.

The entire property is currently let to the Virgin Trains East Coast Mainline Company, which operates rail services between London, Yorkshire, the North East and Scotland.

Ian McAndrew, director at The Helmsley Group who is responsible for its syndicated property portfolio, said: “This is one of York’s premier office buildings. It has a fantastic location alongside the river and the current occupant has the residue of a 10-year lease expiring in 2024.”

Tim Cross, head of commercial property at Langleys, commented: “We are pleased to conclude this acquisition on behalf of the syndicate, which follows a number of other significant investments by The Helmsley Group across York and the North of England.

“This latest transaction once again underlines the popularity of the city of York for property investors.”

Graham Foxton from the Leeds office of Knight Frank also advised on the deal.

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