Office Development Hope for Leeds
YORKSHIRE EVENING POST
Published Date:
02 February 2010
By Susan Press
A Harrogate-based property developer is providing Yorkshire's commercial sector with a welcome injection of confidence by embarking on a speculative office scheme in Leeds city centre.
Wilton Developments has secured planning permission and is now progressing with its re-development of 10 South Parade – Leeds' first Grade A+ city centre office scheme to come to the market later this year.
Jason Stowe, managing director at Wilton Developments, said: "The building will undergo an extensive re-development programme, effectively creating a new building.
"10 South Parade will provide 36,000sq ft of high quality, air-conditioned accommodation with Grade A+ specification which has already attracted a number of interested potential tenants.
"In the context of the current market, the development of 10 South Parade reflects our confidence and commitment to Leeds."
Planning permission has been agreed for a radical transformation of the external fabric of the building, a re-positioning and improvement of the entrance area, the enlargement of the first floor and the addition of a glazed top floor with balconies.
Stainforth Construction Ltd has been appointed to undertake the re-development and is now on-site with work expected to be completed by the autumn.
Set in a prominent position on South Parade fronting the Leeds Internal Loop Road, the development will provide five storeys of high quality energy-efficient office space.
WSB Property Consultants, DTZ and Knight Frank are the agents for the development which will incorporate basement parking, a secure cycle store and sporting club quality male and female changing rooms with showers.
Guy Cooke, at Knight Frank, said: "Wilton's decision to undertake the speculative development of 10 South Parade is great news for the Leeds market and will offer occupiers a truly stunning space."
Harrogate-based Wilton Developments is the property development arm of the Moore Family interests and is primarily interested in development opportunities in the commercial and residential sectors.
Typical value lot sizes range between £1m-£25m for land/building purchases without income.
