Historic York street sees acquisition of popular retailer by Helmsley Group
Boots on York’s Coney Street has been bought by Helmsley Group and a consortium of its investors for an undisclosed sum.
43 Coney Street is currently let to Boots UK for a further four years. The acquired site extends to 0.5 acres within York city centre.
Edward Harrowsmith, director at Helmsley Group, said: “As a York investor and developer, we have a strong vested interest in the city.
“Coney Street has its fair share of challenges at the moment, as do many other high streets across the country. We still see a site of this size in such a prime location as a fantastic opportunity.
Harrowsmith continued: “We plan to work closely with Boots to improve and regenerate the building, should they wish to extend their lease beyond its expiry.
“Given its location and size, the property also lends itself to being an exciting mixed use development opportunity for the longer term. The building’s upper floors have views across the River Ouse and Coney Street as well as the Minster.”
Edward said that the company intends to begin consultation with the council as well as other stakeholders in the area, helping to update Coney Street and transform it into a retail and leisure spot.
Tim Cross, head of commercial property at Langleys, added: “We are delighted to help Helmsley Group in acquiring this property which shows their commitment to York and also their strong belief in Coney Street.
“This is the latest of a series of deals by Helmsley Group within the City Walls of York.”
Helmsley Group’s other York investments include The Old Fire Station, Nessgate, Mill House, Piccadilly House, East Coast House, Queens House and also Arabesque House at Monks Cross and Connaught Court in Fulford among others.
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