LEEDS-There’s to be a monster new mixed-use scheme in Leeds. West Central will be one of the largest true mixed-use schemes to be seen in Leeds and developers expect it to have an end value in excess of £120 million ($174 million).

It will comprise 120,000 sf of offices over 10 floors, making it the largest office development in Leeds, as well as 50,000 sf of retail/ leisure space, 324 apartments and a 200-bed hotel. There will be car parking spaces for both the offices and residential elements totalling approximately 375 spaces.

Sterling Teesland, a joint venture between Teesland Group and Leeds-based developer Sterling Capitol, has completed the acquisition of the site from Consignia, previously the Post Office, and expects to start on site in Spring 2003. The site became available following the development of a new state of the art Royal Mail Centre in South Leeds.

The ‘West Central’ development will be a major component in the emergence of the “West End” of Leeds, as one of several new developments radiating out from the centre of the city to the south of Wellington Street. West Central is to be funded by the Bank of Scotland.

The focal point of the West Central development will be a newly created 100ft-wide central piazza, which will be lined with restaurants, bars and retail facilities on the ground floor of the development. The piazza will also create a pedestrian link to Whitehall Road, the nearby railway station, central business district, and the other developments in this area.

Completion for the entire development is anticipated as being Autumn 2004. Knight Frank and Insignia Richard Ellis are letting agents for the offices and Christie & Co is letting agent for the hotel, leisure and retail elements.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.