NATIONAL commercial property consultancy Lambert Smith Hampton has advised Virgin Media on one of Leeds’ largest office disposals in recent years.

Temple House in Seacroft was bought by Yorkshire property company Stirling Investment Properties for an undisclosed amount.

Led by Adam Varley, Head of Office Agency in Leeds, the LSH team advised on all aspects of the transaction on behalf of Virgin Media, which saw the UK’s leading entertainment and communications company leaseback 46,012sq ft of the 120,801sq ft building on a 25-year term.

Stirling Investment Properties plans to redevelop the upper floors of the former call centre, which totals 74,785sq ft, to provide a mixture of high quality office accommodation.

Mr Varley said the commercial property sector still faced challenging conditions.

But he added: “The completion of this sizeable transaction proves that there is still appetite and confidence for well-structured products.”