Major development opportunity comes to the Leeds market
Former International Pool site up for sale
A rare opportunity to purchase and develop a major site in a well-connected and established urban quarter of Leeds city centre is being brought to the market this week.
Formerly the International Pool, the 2.77 acre site at Lisbon Street (owned by Leeds City Council), sits to the west of the city centre and at the heart of the city’s professional core, at the junction of Leeds’ Innovation District and in close proximity to both the traditional business district and award winning office schemes including Central Square and Wellington Place.
The West End of Leeds is a thriving urban quarter with its proximity to Wellington Place, and neighbouring globally renowned brands like Channel 4 (The Majestic), Burberry (Queen Street) and Reed Smith (Platform) how have all recently located into this area which is already home to big names such as PWC, Sky Bet and the Ministry of Justice
Councillor Judith Blake, leader of Leeds City Council said: “Leeds is in the middle of delivering a ten billion-pound investment programme across the city centre and is thriving and consistently attracting exciting new names in a number of sectors.
“We feel it is the right time to release the land and open up this multi million pound development opportunity and therefore further regeneration potential in this key gateway location.
“The opportunity for a developer to acquire a site near a number of big name occupiers will be a real draw. The size and location of this land makes it one of the best connected in the city and we are excited to see what development comes forward.”
Jeff Pearey, lead director at JLL’s Leeds office who is working with the council to market the property, added: “Lisbon Street is a prime site in this thriving quarter of Leeds which has the potential to be redeveloped into a mixed use scheme.
“Businesses such as Link Market Services, Mazars and Reed Smith have more recently located to into the city centre and with Channel 4’s imminent arrival we expect Leeds’ international profile to build on this momentum.”
Leeds city centre is set to double in size in the coming years and broke several construction records in 2018. Currently, there is over 800,000 sq ft of office accommodation, 2200 residential units and 2700 student bed spaces under construction in the city centre.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.