Construction is completed on prime office space development
Scarborough International Properties Limited (SIPL), and its joint venture partner Legal & General, have finished building a 35,846 sq ft Grade A office building at Thorpe Park Leeds.
Lumina is the second new office development in the £162m phase two works at this site, which includes The Springs, a shopping and leisure centre opened in October 2018. And it paves the way for a further 860,000 sq ft of office development.
Scheme contractor, GMI Construction, handed over the building this week with Pharmacy2U taking the keys to fit out the second and third floors. The online pharmacy group agreed a pre-let in April to take 15,770 sq ft on a ten-year lease. 20,080 sq ft with 73 parking spaces remains available to let at Lumina on the ground and first floors, which can be subdivided.
Other office occupiers secured in phase two at Thorpe Park Leeds in the last twelve months include Big Change Apps, Wates Construction, Pure Retirement, EP UK Investments and Renew Holdings.
Paul Holcroft, director of Asset Management at SIPL, said: “We are delighted to have achieved practical completion of Lumina, as we push to deliver more prime stock office accommodation at Thorpe Park Leeds.
“With The Springs retail and leisure park now open, the site provides superb amenities for occupiers and has proved an extremely attractive draw and a boost for over 4,500 workers on the existing park. New infrastructure and the pending new railway station are also ticking many boxes for accessibility and sustainable travel where we also have a free transport planning service in place.
“We have strong interest in the remaining space at Lumina and also new development plots in phase two which gives us confidence for further speculative development.”
Thorpe Park Leeds is an established business location with 800,000 sq ft of space built and occupied to date, including 600,000 sq ft of offices. A £162m investment deal with Legal & General Capital in 2015 secured this 1.35m sq ft mixed-use expansion, designed to create exceptional business opportunities for the Leeds City Region.
Phase two includes the 350,000 sq ft retail and leisure park as well as a further 860,000 sq ft worth of Grade A office accommodation, 300 residential homes by Redrow and a 113-acre public park with sports facilities.
This phase also involves delivery of the first section of the ‘East Leeds Orbital Road’, a key piece of infrastructure connecting north and east Leeds to Junction 46 of the M1. The road will unlock land for the construction of up to 7,000 homes in the East Leeds area, land that is either already allocated in the Local Plan or which is ‘brownfield’ land.
The development has dedicated access to Junction 46 of the M1 and has been chosen for the new railway station, ‘East Leeds Parkway’ and associated Park and Ride, connecting Thorpe Park Leeds directly to Leeds city centre in eight minutes. This forms part of a £270m infrastructure investment into Leeds by the Department of Transport.
Acting agents for office space at Thorpe Park Leeds are BNP Paribas Real Estate, Cushman and Wakefield and JLL.
