Heeton Holdings Leads Consortium To Acquire Prominent Site In United Kingdom

Heeton Holdings has led a consortium of developers in a second venture in United Kingdom, following its maiden acquisition in Hammersmith, London, in March 2015.

The consortium comprises three other partners, KSH Holdings, Lian Beng Group and Ryobi Kiso Holdings, with Heeton holding an effective interest of 55 percent while the other three partners will have effective interests of 15 percent each.

The site is approximately 106,722 square feet strategically-located within Leeds City Centre, near the Leeds railway station that connects the city directly to London and other parts of the country.

The consortium is currently performing extensive studies on the site, which is approved for over 1 million square feet of mixed-use space, before finalising its development plan to stay relevant with current and long-term demand trends.

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