Huge mixed-use scheme takes another step forward

The next phase of the Great Central Square mixed-use scheme in Leicester is set to hit the market.

No.4 Great Central Square, which consists of 61,500 sq ft of Grade A design and build office space, is being brought to market by APB (Leicester) LLP and M1 Agency following the successful completion of the development’s first phase.

The latest phase of the scheme will also include external gardens which will back on to the newly created Great Central Park.

As well as office space, the wider development includes two hotels, the Novotel and the Adagio, residential apartments and a leisure offering, Lane 7.

Tenants at No.1 Great Central Square, which is now fully let, include Europcar, Arthur J. Gallagher and Tetratech.

Reg Pollock, partner at APB, said: “Further to the success of No.1, it’s clear that Leicester city centre lacks functional and modern Grade A office accommodation within the heart of the city. No.4 is in a prime location, offering a wealth of parking, public open space and outstanding modern offices.

“This development will bring forward an office scheme like no other that has been seen before in Leicester. This mixed-use development with public open space will offer an unrivalled working environment.”

Toby Wilson, of M1 Agency, said: “The first speculative phase of office development at Great Central Square has proved to be a huge success and now fully let. No.4 will look to build on this and take advantage of the pent-up demand we are experiencing in Leicester, which has continued to outperform many other cities within the East Midlands regions in terms of take up and office activity.

“The development maintains excellent connectivity and immediate access to the city centre and its vibrant offer. The delivery of No.4 is an exciting next stage in the wider development of Great Central Square, targeted at both existing Leicester occupiers, or those more foot-loose but looking for best in class office space.”