Number One Kirkstall Forge 90% let following new deal

24,000 sq ft of office space has been snapped up at the flagship Number One Kirkstall Forge in Leeds.

A blue-chip customer, which will be unveiled in the New Year, will relocate to all of the second floor and part of the first floor of the 110,000 sq ft building in April 2019.

This means the building is now 90% let within less than a year of its completion.

As a result, property developer CEG has started the design development work for the next 200,000 sq ft of commercial development at the site.

Nick Lee, development director of CEG, said: “We have attracted another well-known national brand to the site, which is testament to the quality of this City Centre specification office development.

“It sets the highest standard in contemporary workspace design and maximises its wooded, riverside valley setting. The deal comes swiftly after securing the BCO award as best Commercial Workplace in the UK.”

Paul Fox of Fox Lloyd Jones, who put the transaction together, added: “To hit 100,000 sq ft of ‘lettings’ and to be at over 90% occupancy within 12 months of Practical Completion is a great outcome for the team and fully justifies the CEG decision to be brave and deliver City Centre grade offices in an undersupplied out of town market.

“The modern day occupier ‘flight to quality’ trend needed new options and Kirkstall Forge is unique and ground breaking in every way.”

With only 11,000 sq ft remaining, this is being offered to the market as ‘Forge Studios;’ Let Ready suites from 500 sq ft through to a self-contained ground floor office of 3,000 sq ft.

The £400m, 57-acre Kirkstall Forge site will comprise 1,050 homes and 300,000 sq ft of offices and 100,000 sq ft of leisure, shops and restaurants.

CEG is also delivering up to 1.5 million sq ft of commercial space at South Bank just minutes’ walk from Leeds City Station.

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