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•• Gent Visick assigns fifteen year lease to Geopost
     

Gent Visick, the Leeds based industrial property specialist, (acting on behalf of Polestar UK Print Limited), has completed an assignment of the leasehold interest in Network House, South Leeds to Geopost UK Ltd.

Geopost is wholly owned by La Poste, Europe’s second largest postal operation, and operates in over 30 countries with brands including Parceline, Interlink Express, Chronopost and DPD.

Extending to some 68,000 sq. ft. the property is located close to the South Leeds Stadium and was held on a lease with a further 15 years to run at the passing annual rental of £270,750.

Gent Visick’s Andrew Gent commented: “Network House is well located for Geopost and the configuration of the building, with spacious yards to either side, is particularly suited to their operational requirements.

“With new units rarely let for periods of more than ten years, a 15-year assignment represents a significant achievement.”

     
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