'Tremendous' deal sees Northedge Capital move into St Paul’s House in central Leeds

Northedge Capital is moving into the Grade-II listed, St Paul’s House in central Leeds.

The Leeds office property consultancy Knight Frank brokered the deal for Northedge Capital, which was represented by Sanderson Weatherall.

Northedge Capital, the private equity firm, has taken 2,223 sq ft of office space on the third floor of St Paul’s House. The rent is £26 per sq ft on a ten-year lease.

The 19th century building, which overlooks Park Square, underwent renovation work, including a new roof, to restore it to its former glory two years ago.

Elizabeth Ridler, partner with Knight Frank, who advised the landlords EPIC on the letting, commented: “This is a tremendous letting for this very elegant statement building, which is now fitted to the highest specification after its comprehensive refurbishment”.

EPIC bought St Paul’s House last year from Boultbee Brooks Real Estate in an off-market deal, advised by the Leeds office of Knight Frank.

Ms Ridler explained: “St Paul’s House, built in the Venetian style, is arguably the most striking building in the city centre and is now a stunning mixture of the old and the new.

“It boasts a high-quality Grade A office space internally which, when combined with the stunning exterior façade and its unrivalled location, offers one of the most attractive working environments in Leeds.

“At the moment the ground floor and part of the third floor are available to let, with just under 18,000 sq ft of prime office space on offer. Suites can be leased from 2,000 sq ft upwards with rents in the region of £26 per sq ft.”

Other occupiers in the building include DAC Beechcroft, Cushman & Wakefield and the Quality Care Commission.

The Leeds office of AWS is marketing the building with Knight Frank.

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