Martley Capital Group have agreed terms with premium commercial amenity and workspace provider x+why to occupy 33,990 sq ft in Bridgewater Place, the 30-storey office-led, mixed-use tower in central Leeds.
x+why, will occupy the first, second and ninth floors of Bridgewater Place and a new 5,000 sq ft roof top terrace on a ten-year agreement, in addition to the operation of a newly designed building reception and coffee bar.
This will add to their portfolio of over 430,000 sq ft of flexible office, receptions and food & beverage led clubspaces in sustainable buildings across London, Birmingham, Manchester and Milton Keynes.
Since purchasing the tower in 2022 following years of underinvestment, the current owners have raised £35 million to carry out a complete refurbishment, with the aim of creating a high quality, fully repositioned, energy-efficient building, to return Bridgewater Place’s best in class credentials and secure its continued status as a Leeds landmark.
x+why’s fully refurbished offering is due to open in late 2025 with available suites ranging from 4 desks to a 5,000 sq ft office which can be adjusted to member needs.
Eamon Fox, Partner and Head of Development for Knight Frank which represents Martley Capital, said: “Securing x+why is brilliant for the asset and the wider Leeds business community and our approach is to excel in the mandatory characteristics of best-in-class buildings. The baseline for the future office is being reset at Bridgewater Place.”
x+why’s offering will provide flexible working space, private enterprise suites, meeting rooms, event space, food and beverage, a clubspace and extensive roof terrace. x+why will also be running the main building reception, including a new coffee bar in the revitalised atrium.
x+why’s in-house design team, whydesign, will be leading on the interior design of the space.
When refurbished Bridgewater Place will have greatly improved sustainability credentials, including BREEAM ‘Excellent’ and EPC ‘A’ ratings, aiming for net zero in operation by 2030 in the landlord-controlled areas.
Rupert Dean, CEO and co-founder of x+why, said: “We are building a national infrastructure of cutting-edge workspaces, designed to combine hospitality, design and sustainability, ensuring every city we enter is equipped with spaces that set the standard for the modern workforce.
“We plan to be in every gateway city in the UK, and want to be in the best buildings and locations, and so are thrilled to be launching in this exciting location in Leeds.
“We believe in creating a single hospitality platform across all amenities in offices to provide best in class tenant experience, and creating inspiring, sustainable spaces that not only support businesses but contribute meaningfully to their local environments and support what the office is all about today.
“We are passionate about driving impactful change with our spaces, and can only do so as a result of strong and transparent relationships with our landlords, so we are delighted to be working with the fantastic and forward thinking team at Martley on Bridgewater Place.
“Crucial to us is a shared vision for the future of work, sustainability and the role of amenity. We love Martley’s vision for the space and their commitment to re-imagining an existing asset in a highly sustainable way, which is a core value for our business.”
Jack Thoms, Executive Managing Director, Real Estate at Martley Capital Group, said: “We are delighted to be working with the team at x+why at Bridgewater Place to bring their dynamic offering to the building.
“Their innovative approach to workplace environments will set a benchmark in Leeds, with every aspect of the building serving not just as an office but as a destination, reflecting the evolving needs of local businesses.
“We believe that the vibrancy that the refurbishment of the atrium and common areas will bring, together with x+why being highly visible at Levels 1 and 2, and the unique offering at level 9, will enliven the building.”
