27 April 2023
Opus North are thrilled to announce that 12 King Street has been shortlisted in the Best Office Deal Category at The Yorkshires. Commercial Real Estate Awards on Thursday, 4th May 2023.
In 2020, Opus North completed a prime c.50,000 sq.ft office scheme in the centre of Leeds alongside funding partners, Fiera Real Estate UK Limited (“FRE UK”). The acquisition of 12 King Street was one of several acquisitions that made up the first close of Fiera Real Estate Opportunity Fund V UK. FREOF V UK closed in June 2022 with 180m of equity.
12 King Street is located in the heart of Leeds and was constructed in 1989, spanning over 7 floors with a net internal area of c.50,000 sq. ft. Once planning was secured, a significant £10m transformation of the building took place which was completed in June 2022. The refurbishment included 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, Director at Opus North commented, “We are beyond thrilled to have 12 King Street shortlisted for The Yorkshires in the Best Office Deal category. It’s a real testament to the landmark building which has been substantially remodelled and refurbished to achieve our ambition of delivering a cutting-edge office space in one of the UK’s major regional markets.”
The Yorkshires. Commercial Real Estate Awards 2023 will take place on May 4, 2023 and celebrates all things excellent in the Yorkshire commercial property sector. Tickets have now sold out but click here to find out more information about the event.
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