New deal boosts Leeds' office market

24/08/2009

The office market in Leeds has received a "shot in the arm" with the signing of a 15-year-lease for the Government.
The deal with Trillium, which manages properties for the Government, is the biggest office-letting deal in Leeds city centre for 12 months.
A total of 60,000 sq ft of office space at One Leeds City Office Park, Meadow Lane, will be used by the CMEC, the Child Maintenance and Enforcement Commission, as part of the lease completed by property consultants King Sturge and DTZ.
The three-storey 60,000 sq ft offices have been brought upto Grade A specification following a £2.1 million refurbishment by Wood Mitchell Building Group and is now suitable for leading clients.
Eamon Fox, office agency associate at joint agents DTZ, said: "This deal is a real shot in the arm for the Leeds city centre office market and represents almost 50% of the previous quarter's take up."
The One Leeds City Office Park, was built in 1996 and was acquired two-and-a-half years ago by CB Richard Ellis Investors from British Gas Properties in a £19.5 million deal.
Richard Thornton, head of office agency at the Leeds office of King Sturge, added: "This is a significant deal in the current market, securing government departmental use for a key city centre office building."
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