Historic city centre office building fully let
A Grade-II listed office development in central Leeds is now fully occupied after serviced offices provider Orega agreed a deal to take 11,000 sq ft of office space arranged over the ground and third floors.
St Paul’s House is a nineteenth century building overlooking Park Square, which underwent renovation work, including a new roof, three years ago
EPIC acquired the property from Boultbee Brooks Real Estate in 2016 in an off-market deal, advised by the Leeds office of Knight Frank.
Leigh Perl from landlord EPIC said: “This is the second building that we have entered into a management agreement with Orega and we hope to strengthen our relationship with them in the years ahead.
“We recognise that it is essential for us to provide a strong flexible offering within our multi-let regional properties and we value our partnership with Orega. It is tremendous news that St Paul’s House is now fully occupied and we are very proud of what has been achieved there during the past three years.”
Robin Pugh, real estate Director of Orega, added: “Leeds is one of the most vibrant cities in the UK for flexible workspace and we are delighted that St Paul’s House will be the home of our first centre in the city. We are also pleased to be working in our second venture with EPIC following George Square in Glasgow, which opened last year.”
Douglas Green, director of GKRE advised EPIC on the transaction. Elizabeth Ridler, partner and office agency specialist with property consultancy Knight Frank in Leeds, also advised landlords EPIC.
Ridler said: “This transaction follows quickly on from lettings to Sedulo and Northedge. Other occupiers in the building include DAC Beachcroft, Cushman & Wakefield and the Quality Care Commission.”