A mixed-use building, including a data center used by UK telco Virgin Media, is for sale in Yorkshire, UK.
Temple House in Leeds is for sale and available for offers in excess of £7 million ($9.9 million).
The property, which is being marketed by Fox Lloyd Jones, totals 102,400 sq ft (9,500 sqm) and sits on a combined 3.06 acres across two plots.
According to documents, Virgin uses the lower ground floor as a data center, leasing 44,333 sq ft (4,100 sqm) from the unnamed landlord. The company took a 25-year lease in 2009 and pays £110,000 ($155,600) per year in rent, and offers colocation and dedicated hosting from the site.
As well as the Liberty Global-owned telco, other tenants on the site include Ninja Warrior, Instant Managed Offices, Vet Partners, and Premier Martial Arts. Last month Fox Lloyd announced the property was now fully leased, with Ninja Warrior and Instant Offices recently taking out leases. The current tenants pay a combined rent of £566,000 ($801,000) per year.
“The building’s convenient location in North East Leeds is ideal for the new tenants,” said Nick Salkeld, director of Fox Lloyd Jones. “Sitting on a circa three-acre site the sizeable 102,437 square foot building is close to office parks, trading estates, HQ industrial facilities, as well as destination leisure & retail premises.
“This has been an interesting scheme to pull together as we have had wide-ranging interest from many different sectors due to the strength of the location and the flexibility of the spaces. To generate rents well in excess of £550,000 per annum from a mix of uses is very satisfying, particularly as all deals have been done in lockdown.”
Earlier this year, Virgin’s parent company Liberty Global and digital infrastructure fund Digital Colony announced plans to launch a new Edge data center joint venture in Europe called AtlasEdge Data Centres.
The new JV will operate more than 100 Edge data centers across Europe, taking over Liberty Global's data centers but keep Liberty companies – including Virgin – as anchor tenants. It’s unclear if Temple House would be included as an AtlasEdge facility.
Liberty Global is also in the midst of merging Virgin Media with Telefónica's O2. The UK’s Competition and Markets Authority (CMA) recently approved the £31 billion deal, which will create a 50:50 joint venture between Liberty Global and Telefonica and have some 46 million customers.
