First commercial tenant for major completed mixed use development
Legal and professional services businesses, Knights, has relocated its York office to Hudson Quarter as it looks to expand.
The listed business becomes the first commercial tenant to move into Hudson Quarter, a recently completed mixed-use development opposite York Railway Station, which also includes 127 apartments and landscaped grounds in the heart of the City.
The Palace Capital plc developed scheme has been completed after a 26-month construction programme with Caddick Construction acting as main contractor.
This deal has set a record for York office rents at £25 per sq ft for the 4,700 sq ft space that can accommodate up to 48 people in an open-plan environment across one floor.
Knights says it is fulfilling its strategy to grow in key geographic markets outside London. The offices will play a key role in supporting continued recruitment and growth in the region.
The business anticipates hybrid working to create 20% extra capacity across all of its office locations.
Jonathan Moore, partner at Knights, said: “It’s a privilege to work in York and we’ve enjoyed building our team organically over the past year with the recruitment of high quality partners who have been attracted to Knights due to its unique culture and business model, which offers energetic and commercially minded professionals outstanding opportunities to flourish in their careers.
“Our new office space at Hudson Quarter provides Knights with a great runway for growth in the region, as we continue to make positive steps to build the leading, premium legal and professional services business.
“Hudson Quarter really is exceptional, and we are excited to welcome colleagues and clients to the building in the near future.”
Neil Sinclair, CEO of Palace Capital plc, said: “It’s great for Hudson Quarter to attract such a successful and ambitious company as Knights as the first commercial occupier.
“We are incredibly proud of the delivery of Hudson Quarter and hope it sets a new benchmark for sensitive development in York. We are sure Knights will be very happy in their new office.”
There is also a further 34,000 sq ft of Grade A office space available at Hudson Quarter which is being marketed by JLL and Sanderson Weatherall.
