Case Study: PWC sign second largest office deal of 2015

Published on: 2nd June 2016

In the summer of 2015 we advised PWC on a 15 year lease at the £100 million Central Square city centre development.
 
The professional services giant, was the first and anchor tenant of the development, and will be moving its 700 staff into 50,000 sq ft over two floors at the Central Square development situated between Wellington Street & Whitehall Road.


 
Arif Ahmad, PwC’s senior office partner in Leeds, said: “The new office will give us 15% more useable space, enabling us to continue to recruit and attract the top talent so we can best serve our clients, to help them achieve their objectives, grow and support the local economy.”
 
The 11-storey development is being developed by Marrico Asset Management & investor M&G Real Estate with practical completion due in summer 2016 and is a 220,000 sq ft mixed-use scheme provding 25,000 sq ft footplates of flexible grade A office space, with some retail and leisure provision.

 

 

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Office Agency

Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country. Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage. Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business. Agency Disposals: Realistic marketing advice and methodology Comprehensive market knowledge and full research facilities Extensive enquiry database Innovative marketing ideas Appraisal of alternative uses with in-house town planning advice Agency Acquisitions: Obtaining a clear understanding of our client’s requirements and commercial objectives Comprehensive property stock search and identification of development opportunities Objective advice on the suitability of identified properties Negotiation of favourable terms Full back up service including structural surveys, planning advice and fitting out etc. Valuation and finance advice Development Consultancy: Thorough market research Advice on selection and appointment of consultants Undertaking of full financial appraisals and timescales Advice on optimum composition of development Assessment of deliverability Advice on specification and scheme layout End user knowledge   Contact Us

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Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country.

Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage.

Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business.

Agency Disposals:

  • Realistic marketing advice and methodology
  • Comprehensive market knowledge and full research facilities
  • Extensive enquiry database
  • Innovative marketing ideas
  • Appraisal of alternative uses with in-house town planning advice

Agency Acquisitions:

  • Obtaining a clear understanding of our client’s requirements and commercial objectives
  • Comprehensive property stock search and identification of development opportunities
  • Objective advice on the suitability of identified properties
  • Negotiation of favourable terms
  • Full back up service including structural surveys, planning advice and fitting out etc.
  • Valuation and finance advice

Development Consultancy:

  • Thorough market research
  • Advice on selection and appointment of consultants
  • Undertaking of full financial appraisals and timescales
  • Advice on optimum composition of development
  • Assessment of deliverability
  • Advice on specification and scheme layout
  • End user knowledge

 

Contact Us

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Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

Contact Us

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How Central Square is redefining the Leeds office market

Richard Dunn, partner in our office agency team talks about working as a leasing agent on Leeds City Centre’s Central Square. “As this landmark £100m development nears practical completion, it is clear that Central Square is set to redefine what Grade A office accommodation looks like in Leeds City Centre.

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Richard Dunn, partner in our office agency team talks about working as a leasing agent on Leeds City Centre’s Central Square.

“As this landmark £100m development nears practical completion, it is clear that Central Square is set to redefine what Grade A office accommodation looks like in Leeds City Centre.

[fulltext] =>

In response to demand for quality, sustainable offices with large, flexible footplates, Central Square is delivering class-leading sustainability credentials with the largest floorplates in the city (25,000 sq ft²).

Along with eleven floors of office space, occupiers can enjoy an impressive ninth floor sky garden that has panoramic views of the city, and is a great spot for entertaining. Inside the ground floor atrium, a quality mix of bars, restaurants and shops, as well as a winter garden, will be open to the general public.

There’s still chance for occupiers to take space with approximately 125,000 sq ft of Grade A office space available. We’ve had a huge amount of interest and two pre-let deals including PwC, who have taken 50,000 sq ft on the 7th and 8th floors, and RSM who have taken 25,000 sq ft on the 5th floor. A further 17,000 sq ft of office space is also in solicitors’ hands.

It’s fantastic to work on such a cutting edge development as this level of quality is very rare outside of the capital – it’s a London office building located in the heart of Leeds.”

Central Square is an 11-storey, 220,000 sq ft building located on Wellington Street, and a two minute walk from Leeds train station. Earlier this year, we were appointed as joint leasing agent on Central Square, alongside JLL.

Click here to find out more about the office space available at Central Square.

Contact Us

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