Wilton goes on site for speculative scheme
PROPERTY WEEK
02.02.10
By Jennifer Rigby
Wilton Developments has commenced construction of 10 South Parade in Leeds city centre, the only current speculative office scheme under construction in the city.
The redevelopment will provide 36,000 sq ft.
The £10m redevelopment is set to be completed by autumn 2010.
Jason Stowe, managing director at Wilton Developments, said: "In the context of the current market, the development of 10 South Parade reflects our confidence and commitment to Leeds through the high quality of space that we will be creating. This is in effect a brand new building."
WSB Property Consultants, DTZ and Knight Frank are the agents for the development.
Robin Beagley of WSB said: "This is a significant landmark development for Leeds and is a reflection that we are starting to see signs of improvement in sentiment from businesses in the city."
Guy Cooke at Knight Frank added: "Wilton's decision to undertake the speculative development of 10 South Parade is great news for the Leeds market.”
