Ser­viced of­fices vi­tal in help­ing young firms make their mark

Yorkshire Post - Business - - COMMERCIAL PROPERTY -

Denise McGeachy, group cen­tre man­ager at Leeds- based Bracken Busi­ness Cen­tres

What are the prospects for the prop­erty sec­tor in York­shire?

Dur­ing the last 10 to 15 years, the North’s of­fice prop­erty sec­tor has em­braced the less ‘ tra­di­tional’ work­ing meth­ods, giv­ing bet­ter ac­cess to start- up com­pa­nies and SMEs, which are es­sen­tial for the lo­cal econ­omy in terms of in­vest­ment and job cre­ation.

The prop­erty in­dus­try can’t rely solely on cor­po­rate let­tings. The vast ma­jor­ity of the Leeds of­fice mar­ket com­prises cre­atives, start- ups and SMEs.

Ser­viced of­fices are cru­cial in help­ing th­ese com­pa­nies to stream­line their affairs and fo­cus on busi­ness de­vel­op­ment. This creates a pos­i­tive buzz and nur­tures de­mand in York­shire’s prop­erty sec­tor.

What is the best pro­ject you have been in­volved in?

DENISE MCGEACHY: Favourite build­ing is the First Di­rect Arena with its quirky style.

Our own Calls Wharf de­vel­op­ment was ex­cit­ing. We res­ur­rected a build­ing which had lain va­cant for a long time and was ready to be brought back to life, and it has be­come an im­por­tant link in the ev­er­ex­pand­ing city cen­tre.

De­vel­op­ments on The Calls have re­vi­talised the area and helped con­nect the city cen­tre to Leeds Dock.

The ser­viced of­fice mar­ket in Leeds hadn’t seen any­thing like Calls Wharf be­fore we launched and it has stood the test of time.

Who do you ad­mire most in the York­shire prop­erty in­dus­try?

For hav­ing the courage to press the but­ton on the Trin­ity De­vel­op­ment in Leeds when they did, I would have to say Ger­ald Jen­nings, then of Land Se­cu­ri­ties. It was a bold move in un­cer­tain times.

If you could change one thing to im­prove the prop­erty in­dus­try in the re­gion, what would it be?

It’s es­sen­tial we con­tinue to nur­ture and sup­port busi­ness start- ups and SMEs as some may be­come the in­dus­trial gi­ants of to­mor­row. Also, the big in­ter­net com­pa­nies need to ac­cel­er­ate their in­stal­la­tion times.

What is your favourite build­ing in the re­gion?

Leeds has a rich tapestry of his­tor­i­cal ar­chi­tec­ture which is heart­warm­ing to look at, but my cur­rent favourite is the First Di­rect Arena. I love its quirky style and fab­u­lous illuminations and the great eco­nomic ben­e­fit this de­vel­op­ment brings.

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