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Helmlsey Group expands property portfolio

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Langleys Solicitors has acted for York-based The Helmsley Group on three property acquisitions totalling more than £6.85m.

The purchases in York and Southport, Merseyside are the latest additions to the group’s syndicated property investment portfolio.

The Helmsley Group has acquired Gateway 1 at Holgate Park and Mill House on North Street, York. The entire Gateway 1 property is let to Card Protection Plan (CPP) Ltd until March 2021. The office premises at Mill House are let to a number of organisations including North Yorkshire Police, Carillion Plc and Colas Rail.

The Southport acquisition is of premises where the ground floor is let to Barclays Bank until September 2026.

Langleys Solicitors has also acted for The Helmsley Group on the disposal of Zicon House, Leeds for £2.8m. The property is expected to be converted to student accommodation.

Ian McAndrew, director at The Helmsley Group responsible for its syndicated property portfolio, said: “Both the York and Southport properties are valuable additions to our nationwide portfolio and will be held for long term investment for clients of the Helmsley Group.”

Tim Cross, head of commercial property at Langleys, said: “We are pleased to support the Helmsley Group with the expansion of its holdings in York and the sale of Zicon House in Leeds. The new acquisitions further demonstrate the popularity of York for investment.”

Tim Cross
Tim Cross, Langleys Solicitors

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