Prime office hits the market

A flagship 9,740 sq ft office building at the award-winning Capitol Park Leeds has hit the market.

Yorkshire property development and investment company Sterling Capitol is currently completing the comprehensive refurbishment of 1 Sterling Court as the Leeds out-of-town market looks to be booming.

The distinctive building, which was formerly the headquarters of Real Radio, stands at the front of Capitol Park East by Junction 28 of the M62.

Paul Beckett, head of development at Sterling Capitol, explained: “We are already experiencing a good deal of interest in 1 Sterling Court as the Leeds out-of-town office market remains remarkably buoyant.

“Capitol Park Leeds is one of the brightest success stories in the Yorkshire business parks sector. We have recently concluded a significant letting to Create Fertility and negotiated a new 10-year lease to Ideal Boilers in buildings very close to 1 Sterling Court, underlining the attraction of the park.”

Beckett noted that the building has been fully refurbished to the very highest specification and could “make the ideal HQ building for an expanding Yorkshire firm”.

Elizabeth Ridler, partner with global property consultancy Knight Frank in Leeds, who is marketing the building added: “The demand for out-of-town offices remains very strong, with the recent Leeds Office Agents Forum (LOAF) figures for the first three months of this year revealing that a total of 105,434 sq ft of office space across 31 deals was transacted in Leeds’s out-of-town market. We anticipate further rental growth as new Grade A buildings like 1 Sterling Court are completed and businesses put their ESG requirements at the core of their real estate strategies.

Richard Thornton, director specialising in office agency with JLL in Leeds, who are also marketing 1 Sterling Court said: “There is a healthy appetite for well-located and attractive properties like 1 Sterling Court.

“As we emerge from the global pandemic, there are encouraging signs in the Leeds office market with general levels of enquiries and viewings on the up, with companies focusing on the quality of their workspace.”

1 Sterling Court is also being marketed by the Leeds office of property consultancy Carter Towler.