Savills chosen to help market Wellington Place office scheme
REAL ESTATE services provider Savills has been hired to market one of Yorkshire’s biggest office schemes.
MEPC has appointed Savills to work alongside JLL to market the new Grade A office space at Wellington Place, a development that is creating a new business district in Leeds.
Wellington Place includes plots for office, retail, leisure, hotel and residential uses and will total 1.5 million sq ft (139,405 sq m) when it is completed. Five new office buildings totalling 485,000 sq ft (45,057 sq m) have been built over the last six years.
Last summer, the Government regional hub agreed a 25-year prelet on 378,000 sq ft at the development and will move in to buildings 7 and 8 in 2020.
The most recently completed building, 3 Wellington Place, provides 115,880 sq ft and is available to let.
Paul Fairhurst, director in the office agency team at Savills Leeds, commented: “We are delighted to have been appointed by MEPC to market the exceptional office space at Wellington Place.
“The development has transformed the surrounding area, creating a place for around 12,000 people to both work and live.
“The exemplar public realm, close proximity to the train station, the retail centre and the variety of companies already in occupation including Sky Betting & Gaming, Willis Towers Watson and Allianz, makes it attractive to a range of prospective tenants.”
The Wellington Place development is on the site of the Leeds Central railway station, which closed in the mid-20th century. All that remains of the station is a tower, which was built in the 1850s to lift goods on and off the railway.
Wide pedestrianised boulevards and avenues have been included in the new scheme. The development even boasts its own workplace choir. The Wellington Place project is funded by two of the largest sustainable investments funds: BT Pension Scheme, through Hermes Investment Management, and Canada Pension Plan Investment Board.