Major Leeds site to provide investment opportunity in ‘thriving urban quarter’
A 2.77 acre site has been brought to market this week in a growing professional urban hub in Leeds.
The site of the former International Pool at Lisbon Street is situated to the west of the city centre, close to Leeds’ business district and office schemes such as Central Square and Wellington Place,
Brands like Channel 4, Burberry and Reed Smith have all recently relocated offices to the quarter, joining the likes of PWC, Sky Bet and the Ministry of Justice.
Leeds City Council, which currently owns the site, has appointed real estate firm JLL to market it, with ambitions of potentially attracting a multi-million pound investment.
Cllr Judith Blake, leader of Leeds City Council, commented: “Leeds is in the middle of delivering a ten billion-pound investment programme across the city centre and is thriving and consistently attracting exciting new names in a number of sectors.
“We feel it is the right time to release the land and open up this multi million pound development opportunity and therefore further regeneration potential in this key gateway location.
“The opportunity for a developer to acquire a site near a number of big name occupiers will be a real draw. The size and location of this land makes it one of the best connected in the city and we are excited to see what development comes forward.”
Jeff Pearey, lead director at JLL’s Leeds office added: “Lisbon Street is a prime site in this thriving quarter of Leeds which has the potential to be redeveloped into a mixed use scheme.
“Businesses such as Link Market Services, Mazars and Reed Smith have more recently located to into the city centre and with Channel 4’s arrival we expect Leeds’ international profile to build on this momentum.”
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