Wellington Street
33 Wellington Street

Wealth management firm secures new Yorkshire home

An office development in Leeds is now fully occupied thanks to a sublet arrangement between two law firms.

Walker Morris occupies over 80 per cent of the 76,000 sq ft office building at 33 Wellington Street, having moved into the space in August 2019. Fox Lloyd Jones, who acquired an overriding lease for the building in 2018, have since been tasked with subletting the remaining 13,000 sq ft of office.

National wealth management and law firm, Progeny, will now relocate from their current offices on Park Place to work alongside Walker Morris, taking full occupancy in March 2020 once a fit out of the self-contained offices completes.

Nick Salkeld, director of Fox Lloyd Jones, said: “The Leeds office market is extremely buoyant, particularly for high quality space, leading to an acute shortage of supply.

“One area that is enjoying great success and ongoing investment is the West End of Leeds, with major developments such as GPU hub at Wellington Place and the Grainger PRS scheme on the former Yorkshire Post site, alongside several other planned developments.

“When an opportunity to occupy high-spec self-contained offices presents itself in this part of town, we knew we would not be short of interest. Progeny were first to react and, in so doing, have secured excellent offices before the range of options reduces further.”

Fox Lloyd Jones’ project management and delivery of the offices through to completion secured the Office Deal of the Year at the 2019 Yorkshire Property Awards.

Knight Frank acted as joint agents with FLJ on the building, which is managed by Knight Frank Investment (KFIM) on behalf of Lancashire County Council.

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