Major Leeds city centre office ready to open following £10m refurbishment
The first phase of the £10m refurbishment of 33 Wellington Place in Leeds has been completed.
The new offices will be home to law firm Walker Morris. The company will be moving into the 76,000 sq ft building this summer, once its fit-out has been carried out with all its staff relocating from nearby Kings Court and Bank House in King Street.
Once fully completed, the refurbished offices will provide a state-of-the-art working environment for Walker Morris with significantly improved sustainability credentials including cycle and shower facilities and a unique 11,700 sq ft podium garden area to the rear.
The Leeds office of global property consultancy Knight Frank worked in conjunction with a Yorkshire project team including Principal Contractor; GMI Construction Group; and Richard Boothroyd & Associates.
Eamon Fox, partner and head of office agency at Knight Frank in Leeds, who advised KFIM, commented: “The property is a flagship office building in a superb city centre location and it is fitting it is now home to one of Yorkshire’s finest law firms.
“We have worked on plans to comprehensively remodel and refurbish the interior for the past three years and the results are spectacular and magnificent. We have created open plan, state-of-the-art offices, fit for the modern working practices of the 21st century.”
Walker Morris was represented by Leeds-based property consultancy Fox Lloyd Jones.
The team aimed to create the perfect working and leisure environment for law firm Walker Morris, who have taken the whole of the building on a 15-year lease in the largest pre-let office deal in Leeds in 16 years.
John Styles, partner of Knight Frank Investment Management LLP, added: “We are delighted to have completed the refurbishment of this asset with the help of a first class professional team.
“The pre-let to Walker Morris significantly de-risked the project and the returns generated for Lancashire County Pension Fund demonstrate the benefits of actively managing refurbishment and re-letting risk at lease expiry as opposed to exiting investments when they become non-income-producing.”
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