Posted on Jan 21, 2020 by Natalie Phillips
Walker Morris secures sub tenant for its new landmark building on Wellington Street, Leeds
Walker Morris has sublet 13,000 sq ft of office space in its new offices in 33 Wellington Street to national wealth management and law firm, Progeny.
Fox Lloyd Jones (FLJ), acting on behalf of Walker Morris, acquired an overriding lease over the whole of the 76,000 sq ft landmark building in 2018, and project-managed the delivery of the new offices through to completion.
The project secured the Office Deal of the Year at the 2019 Yorkshire Property Awards.
Having facilitated the physical move of the Walker Morris team into 63,000 sq ft in August 2019, FLJ was then tasked with sub-letting the remaining 13,000 sq ft offices, which were surplus to initial requirements but offered the law firm future expansion space.
The fit out of the self-contained offices, which have shared access to unique landscaped courtyard and secure basement car park, will start in January, with Progeny relocating from their current offices on Park Place in Leeds and taking occupation in March 2020.
Speaking about the letting, 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. Indeed, there is less than six months’ worth of Grade A accommodation available now, with the annual take up in 2019 expected to be well above the ten-year average at approximately 700k sq ft.
“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.”
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.
May 19, 2021
The Grand Arcade, a Grade II-listed Victorian shopping arcade on New Briggate, Leeds, has undergone a £500k refurbishment, with its owners ATC Properties Limited aiming to further enhance the property, which is home to many local successful businesses, making it a destination of choice for shoppers and diners.
May 12, 2021
Pickard Properties has committed to begin the demolition of an existing 20-year-old, 239-bed, student scheme on Carlton Hill in Leeds, replacing it with a larger and more sustainable new build 604-bed purpose-built student scheme.
May 07, 2021
Temple House, fronting the A6120 Leeds Outer Ring Road at Seacroft, is now fully let following the signing of two new high-profile tenants in 2021, to add to the deals done at the end of 2020.
Mar 10, 2021
Leeds property developer, Countrylarge, has announced that it has applied for planning to build eight townhouses on Lower Brunswick Street in Leeds, which sits within the upcoming Mabgate area; voted one of the coolest neighbourhoods in the UK, by Conde Nast Traveller magazine.
Mar 02, 2021
Catella APAM (“APAM”) is embarking on a significant refurbishment programme for 2 Whitehall Quay, another prime office in the city centre, and has appointed joint agents Fox Lloyd Jones and CBRE to market three floors of Grade A office accommodation within the building.
Jan 20, 2021
Following a comprehensive redevelopment, 44 North Lane, Headingley, which previously housed Trio bar and restaurant, has reached practical completion and is ready for immediate occupation.
Jan 13, 2021
Multi-disciplinary property agency, Fox Lloyd Jones, has welcomed experienced agent, Harry Finney to its team as a senior surveyor to assist in a growing workload and a raft of new client wins.
Jan 06, 2021
Our team is experienced, focused, discreet and motivated by results.
May 06, 2020
Tile importer, European Heritage, is relocating its warehouse from London to Potter Space business park Ripon, to be better placed to distribute its products to the whole of the UK.
Apr 27, 2020
There are many positives to take from the Q1 figures for Leeds office take up.