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Property Developer Purchases Office Building In York
Historic Building To Be Converted Into Apartments
Property development business, York Two Limited, has acquired the former Savills building at 46-48 Bootham in York from the Helmsley Group.
The three storey property built in the 1950s after the site was damaged during the Second World War, is a well-known building in York and is located next to the Bar Walls in the city alongside Marygate
Following the deal, the property will be developed into 14 residential apartments.
Clare Davitt, a Real Estate senior associate in the Leeds office of Irwin Mitchell, advised York Two on the deal. Other members of the Irwin Mitchell team include Robert Farrell (banking & finance) and Emily Sinclair and Alison Lockwood (construction).
Commenting on the deal, Clare Davitt said:
“This is a well-known building in York and I’m delighted to support York Two on this transaction.
“The property has a superb location in York and I look forward to seeing the completed development which will no doubt add high quality residential stock to the city.”
Clare Davitt - Senior Associate Solicitor
The project manager was Matthew Gration at Aspect 4 Limited. The architect was Lee Vincent at DC Architecture.
Dean Russell, director of York Two said: “This property is a great investment opportunity in a prime location in York. We are looking forward to how the project will look when it’s finished."