Opus North and Fiera Real Estate secure three major occupiers in Grade A office building in Leeds

20 June 2023

Opus North and Fiera Real Estate UK (“FRE UK”) are pleased to announce that three major occupiers have taken up two floors at its completed building, 12 King Street, in the heart of the Leeds Business District.

Global consultancy, Arcadis, is set to shift their local team to 12 King Street, a modern, safe, Smart tech and established building that provides a futuristic work environment. Michael Page, a leading UK recruitment company is also set to occupy a floor in the building, relocating staff from their current location in Leeds. Reward Finance Group, a market leading funding provider, are the third party to sign up to the landmark building, which comprises 54,000 sq.ft of Grade A space and features wide-reaching technology and energy-saving initiatives. These three occupiers join Endless and Rothschild who recently relocated their Leeds offices to 12 King Street.

A significant £11m transformation of the building, which was completed in June 2022, includes a striking new facade, a complete replacement of the fifth and sixth floors, a state-of-the-art cycle spa, extensive roof terraces and the addition of a sky lounge which offers a unique communal space for occupants.

Sustainability and environmental considerations have also been at the forefront of the design of the redevelopment. The scheme has achieved a 14% reduction in carbon emissions, 29% less energy consumption for heating and cooling, and 42% less water consumption. It has been awarded with a BREEAM Excellent rating, WiredScore Platinum rating for its first-class Wi-Fi across the entire building, as well as CycleScore Platinum for its facilities for cyclists.

Ryan Unsworth, Joint Managing Director at Opus North commented “We are thrilled to secure three more major occupants who are relocating their main offices in Leeds to 12 King Street. It’s a real testament to what is happening in the office market – occupiers are seeking the very best, most-inspiring, workspaces for their teams and clients, as well as demanding buildings with strong sustainability and environmental credentials.”

Chris Button, Head of Value Add at FRE UK, added: “We are delighted to have secured three market-leading occupiers for this landmark building, which has been substantially remodelled and refurbished to achieve our ambition of delivering a cutting-edge office space that promotes wellbeing and a truly future-proofed building in one of the UK’s major regional markets.”

Clair McGowan, Associate Director at CBRE commented “This is truly a spectacular building which provides inspiring spaces to encourage creative thinking, team collaboration and social interaction.  It is the workplace of the future following a comprehensive refurbishment with flexibility and technology at the heart of its redesign.  It is also a healthy building that encourages wellbeing and productivity, a real draw for office professionals returning to the workplace. We are delighted to secure all three parties in this state-of-the-art building in a prime location in the city.”

Nick Salkeld, Director at Fox Lloyd Jones commented “We’re very proud to have acted on these significant lettings proving the demand for quality workplaces within the Leeds office market. 12 King Street has set a new benchmark for its combined sustainability, wellbeing and digital connectivity features and it’s a true testament to welcome to more major businesses.”

A further floor and half is under offer and in legals, leaving just 12,000 sq ft remaining ready for occupation, with CBRE, Fox Lloyd Jones and Knight Frank acting as letting agents on the scheme.

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