Page 14 - Helmsley Group Winter Newsletter
P. 14

Helmsley Group and our clients have acquired 39-41 Coney Street in York from Aberdeen Standard Investments in an o -market deal for an undisclosed sum.
The building, which o ers extensive river frontage and is occupied by leading books, stationery and gifts retailer WHSmith, follows Helmsley Group’s recent purchase of a neighbouring property, occupied by Boots, as well as many others in the vicinity.
Edward Harrowsmith, Syndicated Property Director at York-based Helmsley Group, said: “The acquisition of 39-41 Coney Street is an important one for Helmsley Group and our clients and follows our other recent strategic purchases of prominent buildings on what has historically been York’s primary shopping street.
“Like other properties on Coney Street, number 39-41 o ers excellent ground  oor retail space as well as having unoccupied/under utilised upper  oors which are in need of revitalisation. The key to bringing life back to the high street in general is providing alternative uses to the many vacant  oors above retail space within our cities which are currently just wasting away.
“It is Helmsley Group’s view that Coney Street o ers a rare opportunity for key stakeholders in York to work together to take one of its most prized assets, but one that is tired and lacks the appeal of many others in the city due to underinvestment, and unlock its potential, especially those buildings which have potential to be river facing.
“Helmsley has held a number of positive discussions with City of York Council about the future of Coney Street and we look forward to these continuing.”
Langleys Solicitors acted on behalf of the Helmsley Group.
James Bradley, Senior Associate at Langleys, said: “We were delighted to act on behalf of Helmsley Group and it’s clients in relation to another strategic high street purchase within York. The purchase reiterates the group’s con dence and commitment to investing and refreshing Coney Street.”
Property agency Knight Frank also acted for Helmsley Group. Jackson Criss represented Aberdeen Standard Investments.

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