How Central Square is redefining the Leeds office market

Published on: 20th September 2016

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.

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.

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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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Grade A office space available in landmark Central Square

We have been appointed by Marrico Asset Management as joint office leasing agent on Leeds city centre's landmark Central Square alongside JLL. Approximately 150,000 sq ft of Grade A office space is still available within the 11-storey 220,000 sq ft building. In the second largest Leeds office deal last year we were able to pre-let 50,000 sq ft to PwC who will occupy two floors of the £100m city centre development.

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We have been appointed by Marrico Asset Management as joint office leasing agent on Leeds city centre's landmark Central Square alongside JLL. Approximately 150,000 sq ft of Grade A office space is still available within the 11-storey 220,000 sq ft building.

In the second largest Leeds office deal last year we were able to pre-let 50,000 sq ft to PwC who will occupy two floors of the £100m city centre development.

[fulltext] =>

Richard Bland of the developer, Marrico Asset Management, said: "As we near completion, we felt that the appointment of Sanderson Weatherall, an award-winning local agency with national backing would enhance our offer".

Scheduled for practical completion in May 2016, the building is located a two minute walk from Leeds train station. Central Square will be set in high quality, new public realm consisting of a public atrium and winter garden as well as a generous retail provision at ground floor.

Central Square's ninth floor will feature a sky garden available to all tenants which will provide views across Leeds and also act as a break out or entertainment space. The building will provide 128 car parking spaces.

Commenting on the appointment, Richard Dunn, partner in our Leeds agency department said: We are delighted to be working on this prestigious instruction. Central Square offers class-leading sustainability credentials and the building is of such high quality it would not look out of place in the capital.

"There is currently a real appetite for quality offices from occupiers seeking large, flexible footplates of Grade A accommodation in Leeds so we expect interest to be significant."

Click here for the property listing.

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October property deals update

Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

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Despite the negativity surrounding the UK’s decision to leave the EU, we are continuing to see strong levels of demand across a number of commercial property sectors.

[fulltext] =>

We were particularly active in Yorkshire last quarter with a 25,000 sq ft industrial site sold in Bradford to steel fabrication specialist, Bradfabs. In addition, we have welcomed British jewellery brand, Azendi back to York City Centre on a five-year lease in a 774 sq ft. retail space.

Acting on behalf of the Diocese of Leeds, we sold a vacant development site to Leeds Mencap, an independent local charity that supports children and adults with learning disabilities. We have also helped find a new owner for Belle Vue Stadium, the 120-year-old home of Wakefield Trinity Wildcats, following several months of strong interest.

On the other side of the Pennines, we were involved in a number of deals; our agency team in Manchester successfully completed the letting of a recently vacated 29,871sq ft. property at Wigan’s Haslemere Industrial Estate.

In the North East we have a number of new instructions including office accommodation in Kingfisher House, Stockton on Tees and a number of quirky spaces available at Hoults Yard. We are also expecting strong interest for the former Arriva bus depot in Jesmond, a large development site in a prime location.

We are happy to confirm that popular Newcastle pizza restaurant, The Herb Garden will open its second venue at Royal Quays Marina (pictured), an area considered by many to be the North East’s finest boating location.

Yogaworks London benefited from a trio of our property services as we assisted them in opening their first yoga studio at a 3,947 sq ft. property in Wandsworth London. In London, we are also pleased to have advised Japanese retailer, Daikokuya on the acquisition of its first UK store on Bond Street.

In Bristol, we have two large former waste processing plants for sale in Exeter and Frome respectively. Our specialist leisure division has seen strong demand for holiday and caravan parks continue and you can find their recent portfolio of deals and available sites here.

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