Yorkshire-based property company Rushbond PLC has acquired The Exchange in Harrogate.

The 10-storey office building, located above the town’s train station, increases Rushbond's commercial property portfolio in Harrogate.

The company recently began work to convert the Herald Buildings on Montpellier Parade into flats and shops.

In a press release announcing the news, Rushbond pledged to "undertake a programme of renovations to the building and the few remaining vacant suites – which range between 765sft to 5,300 sq ft – with a focus on upgrading the specification of the interiors and improving energy efficiency".

It said the acquisition was part of the company's strategic plan to grow its portfolio of well-located, best in class commercial assets in Yorkshire, having also recently purchased Bank House in Leeds – the former home of the Bank of England.

The Exchange, which dominates the town centre skyline, is one few Grade A office developments in the town centre. It is currently home to businesses ranging from software development companies to law firms and architecture practices. There are also two retail units on the ground floor.

Richard Baker, a senior development surveyor at Rushbond, said:

Rushbond's other projects include redesigning the Leeds headquarters for Channel 4; Leeds Corn Exchange and Brewery Wharf in Leeds.

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• Work begins to convert Harrogate's Herald Buildings into flats and shops


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