The landmark former headquarters of the Yorkshire Post in Leeds is reported to have been sold for £2million.
Yorkshire businessman David Newett, who heads Stirling Investment Properties, has made an offer to acquire the building on Wellington Street from Johnston Press, according to Estates Gazette.
Stirling Investment Properties was behind the purchase of the Thorpe Arch Grange section of Leeds United’s training ground in 2004. Newett also co-founded Leeds-based private equity house Endless.
It is understood that Newett is looking to turn the site into student flats, although initially he is looking to secure temporary consent for a car park.
The Wellington Street building, which was opened by the Prince of Wales in 1970, once housed more than 1,300 staff.
It was the home of the Yorkshire Post and Yorkshire Evening Post for 42 years prior to their departure in 2012.
Editorial staff are now based at the Number 1 Leeds development on Whitehall Road in Leeds.