Covering an area of over 134ha, the area is adjacent to Leeds Station – the busiest Transport Hub in the North. With excellent connectivity to the motorways and waterfront, the West End is the prime location for some of the city’s busiest offices, as well as being home to major international brands. With prime rents now achieving £30sqft and forecast to grow, there are also future investment opportunities for further Grade A office as well as a pipeline of major PRS residential development.
The West End Today
In the last ten years, there has been substantial development of Grade A office space in one of the North’s premier business locations, reflecting Leeds’s economic strength and position as the UK’s second centre for financial services and broader strengths in the professional sectors.. Drawing on the exceptional connectivity to Leeds Station (with journey times of 2 hours to London), successful investments include:
Central Square – an award winning BREEAM excellent development home to PWC, Clipper and Sky.
Wellington Place – With planning approval for well over 92,900 sq m of development, a number of phases have successfully completed, with space available at the under construction 4 Wellington Place. 35,000 sq m is pre-let to a new Government Hub (due for completion at the end of 2019, to accommodate 6,000 civil service workers.)
Grainger – work has commenced on site for a 242 unit PRS scheme at the site of the former Yorkshire Post building.
Burberry relocating their shared services centre to the West End, joining organisations such as Squire Paton Boggs, Shulmans, Sky Betting and Gaming, and Allianz in this business district
Through collaboration, the city has ambitious plans to further transform the appearance of Leeds Station, by securing enhanced investments and connectivity to business centres across the country through Northern Powerhouse Rail and High Speed Rail 2. Proposals to further expand the Flood Alleviation Scheme are progressing at pace, alongside wider investments into the waterfront. Work will start by 2021 to create a public space at City Square which will be larger than Trafalgar Square and will enhance the visitor experience between the station and West End.
There are opportunities for both investors and occupiers. This includes further floorplates becoming available at Wellington Place, at the redeveloped Majestic and the Council bringing forward an investment proposition at Lisbon Street. Further, through collaboration with landowners and partners, the city is now progressing a Regeneration Framework to consider future developments, including building on the momentum of Grainger’s residential scheme to secure further housing along the wider Kirkstall Road area.