Avison Young supports IMA’s acquisition of The Malthouse in Leeds

Global commercial real estate advisor Avison Young has facilitated the acquisition of The Malthouse, a fully refurbished former brewery building in the South Bank of Leeds, by global creative agency IMA. The building was purchased on a freehold basis for £4,000,000.

The award-winning agency previously leased the building and have now acquired it from Leaseco 23 Limited, via its administrators Interpath Limited. Cushman & Wakefield acted for the seller and Avison Young advised IMA.

Located in one of the city’s most prominent regeneration zones, the historic building provides 24,376 sq ft of high-quality office accommodation, and benefits from excellent transport links, with Leeds train station a 20-minute walk away and J4 of the M621 a three-minute drive away.

The Malthouse is also close to Leeds Dock, which has grown to become one of the city’s most vibrant leisure, commercial and residential districts, and a hub for companies in the media, technology and creative industries.

IMA have been based at the Malthouse since 2020, after moving from their location in Headingley, where the company was based for over 30 years. The Leeds office is one of six, with additional bases in London, Amsterdam, Sydney, New York and Manchester.

The deal reflects the ongoing momentum of Leeds’s creative and digital industries, as well as growing confidence among businesses in the resilience and long-term potential of the wider regional economy.

A spokesperson for IMA said:
“Leeds Dock has become a real hub for creative and growing industries, and it’s been an inspiring place for us to call home over the past few years. Our workspace plays a big role in shaping how we collaborate and support our clients, so having the opportunity to make it our own is incredibly important.

“Acquiring The Malthouse gives us the flexibility to evolve the space alongside our business and create an environment that truly reflects who we are. The process has been smooth throughout, and we’ve really valued the expertise and support from the Avison Young team.”