In the press: Bridges completes £6.6m sale of Airedale House
The Bridges Sustainable Property Fund completed the sale of Airedale House – a mixed retail and office property in Leeds city centre – to GM Legato Property for £6.625m, reflecting a net initial yield of 8%.
Under Bridges’ ownership, the property went through a substantial environmentally-led refurbishment, including the installation of solar photovoltaic panels on the roof to generate electricity. This has helped to reduce the building’s carbon footprint by more than 1,000kg of CO2 per annum, improving its EPC rating from D to B, while also reducing energy costs for tenants.
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