Multi-million pound office building refurbishment completes
A £3.2m refurbishment of One Embankment, the office building on Neville Street in Leeds has been completed by contractor Castlehouse Construction, delivering about 50,000 sq ft of Grade A office space.
Joint marketing agents JLL and CBRE have also secured a new tenant in the newly renovated building.
Financial services company, Interactive Investor has taken approximately 16,000 sq ft on the second and third floors of the building. Interactive Investor is one of the UK’s biggest flat-fee online investment platforms.
Leeds-based Castlehouse Construction finished the programme of works despite a tough climate during the pandemic.
The building now offers six floors of Grade A office accommodation arranged over lower ground, ground and four upper floors, providing floorplates from 3,089 sq ft – 13,117 sq ft around a landscaped courtyard.
The property also features a new business lounge for informal meetings, as well as on-site parking for 46 cars.
One Embankment is at the southern gateway to the city centre, a short walk from Leeds Railway Station. The landmark building has been vacant since 2015.
Chris Drake, contracts manager, Castlehouse Construction, said: “We are delighted to hand over the finished building following an extensive revamp to provide premium quality office space to the Leeds market.
“It will appeal to businesses large and small and it’s great to secure a large professional services firm in the new-look building.”
Alex Hailey, director, CBRE Leeds, added: “The renovation of One Embankment really meets current occupier demand for quality office space in a city-centre location and is testament to the pre-let secured to leading financial services company, Interactive Investor.
“We are also seeing interest in the other available floors in the building.”
Tony Stott, director, building consultancy at JLL said: “The successful refurbishment of the building has been delivered in very challenging conditions and credit should be given to the whole team for their dedication and professionalism.”
Paul Till, head of national business space, LaSalle Investment Management, said: “On behalf of our retained client, we are absolutely delighted to launch a superb grade A refurbished office building in such a good location.
“The finished building has unrivalled amenity with a high quality ground floor reception and business lounge, river terrace and excellent levels of secure, on-site car-parking.
“In terms of rent, the property is priced extremely competitively considering the quality of the accommodation offered.”
The project team included Project Manager JLL; Architects Harris Partnership; Construction Consultants RPP and Engineering Consultancy Hannan Associates UK.
The agents acted on behalf of LaSalle Investment Management, which took over the fund which owns the building earlier this year.
