leasehold interest

leasehold interest

The interest a tenant has to possess and use property by virtue of a lease.
References in periodicals archive ?
The partners also acquired the leasehold interest in 379 West Broadway, a classic office/retail property in the Cast Iron Historic District.
The REIT has entered into a long term operating net leasehold interest in the 40-story, 460,000 s/f office building with an ownership group led by RFR Holding LLC, which retained fee ownership of the property.
UK-based property investment company Palace Capital plc (LSE: PCA) has sold its long leasehold interest in Warwick House, Wade Lane, Leeds to a private investment group for GBP 2.15m (USD 2.68m), GBP 0.75m above book value, the company said.
The company said its post tax gain on the sale of its 100% leasehold interest in the hotel will be about $35 million.
The Interest comprises of the right to develop, manage and realise the Site under an Agreement for Lease, and, if exercised, the right to be granted a long leasehold interest. It is NAMA s intention to retain the freehold interest and to create a valuable and saleable interest for itself by way of a) a fixed income stream payable by the Purchaser during the development phase and b) an income sharing arrangement with the Purchaser thereafter.
The announcement follows the SL Green/Sutton joint venture's recent acquisition of a 49-year leasehold interest covering the entire retail portion of 650 Fifth Avenue.
A well-known pub and restaurant in Durham has been sold to London & Edinburgh Inns off an asking price of pounds 1.5m for the long leasehold interest.
Marylebone Warwick Balfour Group is selling its 91-year long leasehold interest in London's Howard Hotel for pounds 75 million.
Modwen Properties plc (LSE: SMP) has completed the sale of its 45-year leasehold interest in its purpose-built student accommodation at Swansea University Bay Campus for a total cash consideration of GBP 87.3m (USD 122.04m) to University Partnerships Programme, the company said.
for the leasehold interest. Completion is subject to the freeholder's consent.
Eastern Consolidated's Adelaide Polsinelli and Gary Meese are marketing the leasehold interest at 44-58 East 8th on the street's south side between Greene and Mercer Streets.
Property agents storeys:ssp and Chiltern Mondiale have sold the long leasehold interest in Unit 3 Belmont Business Park in County Durham.