First it was Boots, then it was Lush – now a York developer has snapped up the Next building.
Helmsley Group has paid a multi-million pound sum to NFU Mutual to buy the retail unit housing Next and Monsoon at 19 Coney Street.
The deal follows the company buying several other buildings on one of York’s key retail streets.
It has already snapped up 39-43, currently let to Boots and WH Smith, as well as numbers three to seven, home to JD Sports, Lush and Mango.
The acquisitions are part of Helmsley’s wider ambition to regenerate Coney Street, and open up the riverside.
Ed Harrowsmith, investment director at Helmsley Group, said: “This is a significant acquisition for us, especially as a proud York-based business with ambitions to bring a new lease of life to York’s riverfront and redevelop Coney Street as a high-quality commercial destination.
“The purchase of 19 Coney Street from NFU Mutual not only brings another important building into local ownership but is the final piece of the puzzle in enabling us to move forward with our ambitions and help realise the potential of this underutilised area of the city.”
Max Reeves, development director at Helmsley Group, added: “Helmsley Group has made a continued commitment to the regeneration of Coney Street, as demonstrated by this most recent acquisition.
“This is a deal that has been a long time in the making, and we’re delighted it has been completed.
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“We look forward to continued collaboration with City of York Council and are excited to share our vision for Coney Street with the public and other stakeholders and obtain their valuable input over the months to come.”
James Bradley at Knights PLC acted on the purchase for Helmsley.