Historic Temple Works building in Leeds finds buyer
CEG, the Leeds-based property developer, has agreed to buy the city’s historic Temple Works building only one day before it was scheduled to go under the hammer.
Temple Works in Holbeck, a Grade-I listed mill built in 1840, was due to be auctioned in at Elland Road Stadium on 7 December.
Yesterday (December 6th) afternoon, however, CEG revealed that it had secured a del to buy the former flax mill for an undisclosed sum.
The 18,000 sq ft Egyptian-style, which is currently empty, was previously earmarked to be part of Burberry’s £50m investment in creating a new manufacturing and weaving facility.
The fashion giant, which was expected to create around 200 new jobs at the facility, decided to abandon this development.
It is believed that around £20m needs to be spent on renovating and stabilizing Temple Works.
Councillor Judith Blake, leader of Leeds City Council, said: “It’s a very positive step that new owners have been secured for the historic Grade One Listed Temple Works.
“We will look to work collaboratively with CEG to bring this important part of Leeds’ heritage back in to use and secure its long-term future.”