Full house at office building following string of lettings deals
Real estate developer Scarborough Group International (SGI) has struck a trio of new deals at Lumina, the latest speculatively-developed office building at its Thorpe Park Leeds project.
The 35,846 sq ft building, which is the second Grade A office to be delivered as part of phase two development at Thorpe Park Leeds, is now fully let.
Coverings Ltd, the owner of leading distribution and retail businesses within the tile and flooring industry, has secured the entire 10,600 sq ft first floor at Lumina on a 10-year lease. The business is relocating its team of 100 people from its existing premises at Project House in Armley, Leeds.
Specialist commercial interior design company, Design Tonic, has recently completed the fit-out of the space to provide contemporary workspace with a focus on collaboration.
The workspace features an auditorium style presentation area, multiple video conference ready meeting rooms, quiet spaces and a large breakout dining area.
Construction group, Galliford Try has also agreed a 10-year lease taking 5,500 sq ft of space on the ground floor. The firm is currently in the process of concluding its fit-out before relocating a team of 150 people from existing premises in Normanton.
Multinational, FTSE 100 energy company, SSE is taking occupation of the remaining 3,750 sq ft on the ground floor having also committed to a new 10-year lease. This will be a new base for its Low Carbon Engineering Team.
Online pharmacy group, Pharmacy2U occupies the remaining 15,770 sq ft on the second and third floors.
Adam Varley, development director at SGI, said: “These transactions underline the growing appeal of Thorpe Park Leeds as a platform for providing modern, welcoming and inspiring workplaces.
“Covid-19 has significantly increased the attractiveness of out of town business locations, owing to their accessibility, amenity offering and extensive green space – something Thorpe Park has in abundance with our 330,000 sq ft retail and leisure centre, The Springs and 15-acre Central Park on its doorstep.”
Liam Ridley at BNP Paribas Real Estate, which acted for SGI on the deals, added: “These lettings are great news for Thorpe Park Leeds which continues to draw new occupiers due to its quality of space and the overall environment.
“Despite the market slowing down due to restrictions imposed during the pandemic, rents across the park continue to increase as businesses seek increasingly better quality buildings.”
Thorpe Park Leeds comprises more than 900,000 sq ft of office space. The Springs retail and leisure centre sits at the heart of the mixed-use business community with a line-up of major high street brands.
