Portfolio

King Street, Leeds

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
Chris Button, Head of Value Add REIM
Purchase Date
January 2020
Purchase Price
£11m
NIY
N/A
Fund
Fiera Real Estate Opportunity Fund V
Property Company
Opus North
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 will also benefit from exceptional ESG credentials such as BREEEM Excellent, Wired Score and Cycling Score Platinum ratings
  • Construction works are due to complete in Q4 2020
  • 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

  • Generous dedicated social amenity for residents including 5,500 sq ft of external amenity and a 21st storey roof terrace
  • Community engagement
  • New public square and place-making delivered as part of the development

Resource use and efficiency

  • Reduced energy consumption through optimised glazing ratio, low u-value façade and mechanical vent heat recovery
  • Sustainable materials used throughout development

Renewable energy

  • Roof-mounted photovoltaic panels
Location
  • 12 King Street, Leeds, LS1

Related Case Study Media

November 26, 2020

Construction commences on Fiera’s landmark office redevelopment project in Leeds Central Business District

Fiera Real Estate (“FRE UK”) and Opus North are delighted to announce that construction has started on site at 12 King Street, having received planning permission for the premier Grade

Read the article

October 08, 2020

REACT News: Leeds provides a template for the future-proofed office

REACT News recently published an article which featured Fiera Real Estate and Opus North’s Kings Court office development in Leeds. Originally published by REACT News, 6th October 2020. Author: Eamon

Read the article

January 16, 2020

Fiera Real Estate and Opus North kick off 2020 with a new acquisition in Leeds

Opus North, the Yorkshire-based property developers have recently completed on a prime c.50,000 sq. ft office scheme in the centre of Leeds alongside funding partners, Fiera Real Estate UK Limited

Read the article

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