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 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.
Apr 01, 2020
Chartered surveyor and project manager, Adam Watson, has been promoted to Associate at Leeds-based, multi-disciplinary agency, Fox Lloyd Jones, where he specialises in project and development management. Will Smithies has also joined Fox Lloyd Jones from local firm Bowman Riley.
Mar 18, 2020
The ground floor of luxury residential block, ‘Oasis Residence’, has been let by Fox Lloyd Jones to local business owner, Jiang Young Feng, who will be opening a Chinese supermarket on the site.
Mar 18, 2020
Much like your business, FLJ continues closely monitoring Government advice and the evolving Coronavirus/Covid 19 situation. The wellbeing of our colleagues, clients and those that we work with is our first priority. Our heartfelt thoughts go out to those people and families already affected by the Coronavirus and in context we feel the need to take steps to reduce the risk to our and your people, while continuing to support your business.
Feb 18, 2020
LS1 Headrow, a prime Leeds city centre mixed-use investment owned by Palm Assets Limited has been sold by Fox Lloyd Jones to Leeds-based property management and lettings company, YPP.
Jan 29, 2020
ATC Properties Ltd has received planning permission to convert the former home of Trio bar/restaurant in Headingley into high specification, Grade A offices to be known as ’44 North Lane’.
Jan 21, 2020
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.
Jan 06, 2020
Our team is experienced, focused, discreet and motivated by results
Aug 21, 2019
Chartered surveyor, Nick Salkeld, has returned to Fox Lloyd Jones as a Director in the agency and development team. Working alongside Paul Fox, he will help build upon the company’s successes and add value into the next stage of development.