Leeds landlords given new view into property connectivity possibilities
Landlords in Leeds will achieve extra insight into their properties’ future connectivity standards, thanks to the launch of a new digital benchmarking scheme in the city.
WiredScore, the global digital connectivity rating company for real estate, is launching its rating scheme, Wired Certification, in Leeds to provide landlords and developers with greater transparency around connectivity and digital infrastructure.
Wired Certified building in London are found to achieve an average 4.7 per cent higher rent than comparable buildings that are uncertified, according to Radius Data Exchange. It is hoped the benchmarking scheme will work to achieve similar commercial benefits in Leeds.
Leeds landlords already working together with WiredScore include Ask Real Estate, CEG UK, Fore Partnership, M&G, Palace Capital PLC, Paloma Capital, Northwood Investors, Schroders and Town Centre Securities.
William Newton, president and MD at WiredScore, said: “In order to remain competitive and ensure that their assets are occupied, landlords need to guarantee that they have the ability to meet tenants’ technological requirements with the right digital infrastructure for a modern workplace and living experience.
“Leeds represents a natural progression for WiredScore in our strategic UK expansion, given its role in the national economy and excellent fundamentals, coupled with its rapidly growing tech scene.”
Tech jobs in Leeds have risen by almost half to approximately 35,000, according to Savills. Data Commons for UK Tech recently identified that venture capital investment into Leeds tech companies amounted to circa £110m, attracting over 80 per cent more venture capital than Manchester.
Roger Marsh OBE, chair of the Leeds City Region Enterprise Partnership (LEP) and NP11, added: “Digital connectivity is an ever-increasing and significant part of the conversation on decision-making for businesses looking to expand or relocate in the region.
“It is also a crucial requirement for the modern-day renter, therefore introducing WiredScore to Leeds is a welcome development in both the office and the Build-to-Rent market demonstrating our commitment to remaining forward-thinking with a competitive offer.”
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