Lowell Group to recruit 100 new employees after Leeds Valley Park expansion

GFKL Lowell Group, the credit management company, has expanded at Leeds Valley Park with an additional 45,647 sq ft of offices within the Darwin Building.

Lowell already occupies the Ellington House Building at Leeds Valley Park and is seeking to recruit an additional 100 team members as part of the continued company growth.

CBRE and Savills acted for Leeds Valley Park and Lowell was unrepresented.

XLB and Harbert Management Corporation (Europe) LLC acquired three buildings at Leeds Valley Park as part of a larger UK portfolio from Goodman in 2014, which also includes assets in Oxford, Hatfield, Leicester & Glasgow.

GFKL Lowell has agreed terms for the ground, first and second floors within the 60,000 sq ft Darwin Building.

The expansion follows on from a period of growth for GFKL Lowell, which launched Lowell Solicitors Ltd (LSL) in october 2015. The additional office space will accommodate LSL.

Last year, the Lowell Group was acquired by Permira Funds and merged with German market leaders GFKL. This merger created one of the largest credit management companies in Europe.

Leeds Valley Park’s new deal with Lowell follows on the back of a letting to Smoothwall (IT) Ltd, which leased 10,265 sq ft in Avalon in 2015.

Jonathan Shires, senior director at CBRE’s Leeds office, said: “Darwin offers excellent quality offices and the business park’s strategic location ticks many boxes for Lowell in terms of great working space and excellent connectivity to the region’s transport network and Leeds City Centre.

“The latest deal confirms the increasing high demand for good quality office accommodation within the Leeds City Region.”

William Poole, partner at XLB, commented: “We are delighted Lowell has chosen to expand at Leeds Valley Park, rather than elsewhere in the UK.

“The deal shows the benefit of collaboration and working with existing occupiers to facilitate their growth and business requirements”

Mike Lynn-Jones, UK human resources director at Lowell, added: “Our expansion into Darwin will provide us with an excellent space in which Lowell, and Lowell Solicitors can further flourish and grow.

“It complements our offices at Ellington House and provides us with additional high quality offices in which we can continue to attract high caliber candidates to join our existing talented team”

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