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Jane Imrie

Leeds office bolsters ‘strong’ performance of global property firm

Property specialist Knight Frank has reported that its Leeds office made a ‘significant contribution’ to its performance in the last financial year.

The firm, which has announced its results for the year ending March 31, has reported a ‘strong’ balance sheet, in spite of a drop in group turnover of two per cent and profit before tax down 11 per cent.

Knight Frank’s global workforce is now made up of 19,000 staff in offices around the world, a year-on-year increase of 5 per cent.

During that period, the Leeds office was responsible for projects such as advising Legal and General on the Funding of the £211m Government Hub at Wellington Place; the sale of the Project Vantage portfolio for Network Space for £93m: and the funding of a distribution facility at Logic for £60m on behalf of Muse.

The refurbishment and letting of 33 Wellington Street to Walker Morris and the regeneration of 34 Boar Lane by Kinrise, to create superb office, retail and co-working space, were other projects undertaken by the Leeds office in the year.

Henrie Westlake, head of the Leeds office of Knight Frank, commented: “We have had a successful and productive year, despite the challenging economic and political times. The Leeds office is proud to have made a significant contribution to Knight Frank’s success.

“The outlook for Leeds has never been so positive, with the city having a real belief in itself; buoyed by unprecedented levels of inward investment.

“The quality of life in the city is unmatched in the country. Notwithstanding ongoing political uncertainty, there is every reason to be optimistic given the outstanding fundamentals both for the city and the Yorkshire region.”

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