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Advised by Jeff Pearey at Jones Lang LaSalle
Leeds, 27 March 2013 - Work is set to begin next month on Number 10 Wellington Place, MEPC's 35,000 sq ft, five storey new office development which is thought to be the first build grade A office development in Leeds city centre for more than five years.
Construction is due to commence after commercial law firm, Shulmans, confirmed it would take 15,000 sq ft across two floors of the development in Leeds’ West End.
Work is expected to begin in April 2013 and is expected to last 12 months. Once complete the BREEAM Excellent-rated building will benefit from major social amenities including ground floor retail space facing a bustling new public square.Shulmans will then be the first to move into the new office development, relocating from its current base at 120 Wellington Street.
MEPC Chief Executive, Rick de Blaby, said: “Shulmans join a great line-up of existing companies at Wellington Place, including BSkyB, Allianz, Towers Watson and PwC.
“We believe 10 Wellington Place will be the first new build grade A office development to be completed in Leeds city centre for five years, since The Mint in Holbeck was completed in 2009 and While building 10 Wellington Place will bring great satisfaction to us, it is only the start of our next phase of development at Wellington Place.”
Jeff Pearey, head of the Leeds office at Jones Lang LaSalle, the letting agents which acted on behalf of MEPC, added: “It’s a major achievement in this market to agree a pre-let and we expect more to follow in its footsteps.”
Tim Halstead, Managing Partner of Shulmans, commented: “We are delighted to be the first occupants of what will undoubtedly prove to be a landmark development in the city. Our move to 10 Wellington Place represents a significant investment for Shulmans and is reflective of our successful growth plans. Five years ago we put into place a highly specific programme of growing the business by 50 per cent in five years and we are bang on target; this relocation is another step forward in that programme.”
Planning permission was granted for the building in September 2010 as part of a major mixed use development on the largest site under single ownership in Leeds. That permission includes a further 106,000 sq ft of office space at number 3 Wellington Place, 155,000 sq ft at 4 Wellington Place and a further 59,000 sq ft at 5 Wellington Place.
By breaking ground on 10 Wellington Place, MEPC will be leading the next phase of regeneration in the West End of Leeds, which is aimed at creating a five star destination in the heart of the city centre.
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