Flagship site in city regeneration area launched onto the market

Westbank, a 3.8 acre island site in the heart of Leeds’ South Bank regeneration area, has been launched to market with potential for the creation of a mixed use urban development.

Joint agents CBRE and JLL have been appointed to sell the Water Lane site, which has been home to a major financial services call centre for many years and currently accommodates a 128,537 sq ft, three-storey office building with a large car park.

Situated 350 metres south of Leeds Railway Station, with access to the M621 and national motorway network, the site offers the opportunity for extensive development with a range of uses.

An indicative scheme master plan incorporates mixed use office and residential-led development across four building plots, with potential ancillary uses in a hotel, retail and F&B, as well as public realm in the form of an active green heart.

Westbank falls within the South Bank Leeds Regeneration Framework and consultations between the vendor and Leeds City Council have already established development principles for future redevelopment.

Guy Hurwood, senior director, CBRE Leeds, said: “We are delighted to bring to market Westbank which offers potential investors, developers and owner-occupiers a rare opportunity to acquire a prime freehold site in the heart of the South Bank of Leeds.

“It has clear potential for a significant, high quality mixed use urban development in an established location with excellent connectivity to the city and offers a fantastic opportunity to create a new community in Leeds.”