Tuesday, November 26, 2024

Leeds office buildings fully let

Following the completion of a series of deals, Wellington Place’s office space in its flagship 11 & 12 buildings are fully let less than a year after completion.

The buildings have been hailed amongst the UK’s most sustainable commercial office space and have seen lettings from a host of well-known companies, including global accountancy firm EY, which is the latest business to announce its move to new offices having agreed to take 25,000 sq ft.

The EY deal follows on from Lloyds Banking Group letting 124,000 sq ft at 11 & 12, marking the largest regional office transaction in the UK in 2023.

Employee-owned consultancy Arup recently expanded into 36,000 sq ft of office space at 11 & 12, whilst British brand ghd (good hair day) has launched its new headquarters there.

With commercial law firm Hill Dickinson and global real estate adviser JLL also having agreed deals at 11 & 12, a total of almost 230,000 sq ft of office space has been taken at the buildings since they were completed in spring last year.

The connected 11 & 12 Wellington Place buildings total 254,879 sq ft and will also feature a gym, business lounge and ground floor leisure and retail spaces.

Paul Pavia, head of development at MEPC, the developer and asset manager behind Wellington Place, said: “To have fully let the office space at 11 & 12 Wellington Place in such a short space of time is a fantastic milestone and one that we are rightly proud of.

“As with all our new lettings, we faced tough competition from across Leeds, the Yorkshire region and beyond to attract these leading organisations to 11 & 12 Wellington Place. We have made no secret of our belief that the office remains an absolutely vital part of the economy and society and these deals further cement this view.

“They also support the values first introduced at Wellington Place more than 15 years ago, to raise the bar in sustainable development, to offer a socially cohesive and community-focused environment that people want to be a part of, and to use urban regeneration to support positive social impact.”

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