Final deal completed at Leeds city centre office scheme Concordia Works

Concordia Works, the Leeds city centre office development on Sovereign Street, is now fully let.

The premises underwent a £2m transformation and was officially launched to market in October 2016.

The Leeds office of property consultancy Knight Frank brokered the deal with Sandstone Technology.

Sandstone Technology, a global digital banking software company, has taken the 3,035 sq ft first floor of the building.

The company, which has relocated from the nearby Prospect House, is paying £25 per sq ft on a five-year lease, with a three-year break.

This deal means that the 13,922 sq ft five-storey Concordia Works is now full.

Sam Jamieson from Knight Frank’s office agency team in Leeds, commented: “We are delighted to welcome Sandstone Technology to one of the most exciting contemporary office developments in Leeds during the past couple of years.

“Sandstone are exactly the kind of successful, cutting-edge company that we believe are ideally suited to these magnificent offices.

“The 13,922 sq ft Concordia Works is a unique and striking property, set over five floors and situated just a short walk from Leeds City Station and the main retail heart of the city.

“Built in the early 20th century, this former yarn and cord warehouse has been refurbished by London-based developers BBRE with modern businesses in mind, whilst maintaining its existing structure and original period features.

“It is a striking endorsement of this iconic building that it is now completely full. It is home to some of the most exciting hi-tech, media and creative companies in the city, including Yonder Consulting, Caldero Ltd and Bark & Bite, the leading Yorkshire television and video company. In all my time as an office agent in Leeds, I haven’t seen an office building fill up so quickly.”

Richard Lewis, head of projects at Sandstone, added: “Our relocation to Concordia Works supports our rapid expansion in the UK on the back of winning some major deals with bank clients.

“The flexible office space is being fitted-out to our specification by Synchro Projects and will support our Agile software development practices with visual management aids, high-spec communications and plenty of break-out areas.

“We reviewed many alternative sites across Leeds city centre and Concordia Works trumped everything. Our staff just loved the tasteful retention of some of the building’s structural features together with the latest lighting and ventilation systems. We believe it offers a unique, cost-effective and highly-tailored working environment that our staff will feel proud to work in.”

The Leeds office of Knight Frank are the joint marketing agents for Concordia Works with the Leeds office of Savills.

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