King Street,
Leeds

Overview

Icon for Sector

Sector

Urban Assets
Icon for Purchase Date

Purchase Date

January 2020
Icon for Purchase Price

Purchase Price

£11.0m
Icon for Strategy

Strategy

Fiera Real Estate
Opportunity Strategy V
Occupier demands are changing. Businesses want more choice in their workspace and more services and amenities for their staff, and our scheme at King Street has been designed to meet those demands
Image of Chris Button
Chris Button
Head of Investment Management

Property Company

Features

  • A redundant, vacant 1980s office in a prime location in central Leeds
  • Planning achieved for a comprehensive redevelopment, extending the building to provide 54,500 sq ft of super prime accommodation, including a 4,000 sq ft communal roof terrace and business lounge
  • The Smart technology enabled building benefits from exceptional ESG credentials such as BREEAM Excellent, Wired Score and Cycling Score Platinum ratings
  • Construction works completed in Q2 2022
  • One of the most significant office deals in Leeds during the past 12 months

Purchase Rationale

  • Prime location in Leeds city centre
  • Ability to create accommodation to suit today’s occupier demands including Covid-19 resilient features
  • Grade A supply stands at less than 1 year’s average demand
  • Currently the only Grade A office regeneration being undertaken in the city

ESG

Health and wellbeing

  • 7th floor roof terrace
  • Cycle storage

Resource use and efficiency

  • 13% better energy consumption
  • 14% less carbon emissions
  • 29% less energy consumption for heating and cooling

Renewable energy

  • EV charging points

Location

  • 12 King Street, Leeds, LS1

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