£67m funding package secured to enable extensive upgrades at business park

White Rose Park in Leeds will undergo a major refit of its 28-acre estate to enhance its sustainability.

Estate owner Munroe K, a property development and investment business, secured funding from Lloyds Bank to make the site carbon neutral by 2030.

The work will support Munroe K’s aims to achieve an overall minimum EPC A rating for all new and refurbished areas in the park.

It is also aiming to achieve an ‘Excellent’ Building Research Establishment Environmental Assessment Method (BREEAM) certification.

In addition, a further 150 electric vehicle charging points will be installed by 2027, representing a 550% increase in available charging infrastructure at the site.

The refinance will enable future development at the park, which is set to benefit from the opening of the White Rose Railway Station this year.

The station will connect employees based there to the main trans-Pennine route into Leeds city centre in around five minutes and to Manchester in under an hour.

David Aspin, CEO at Munroe K, said: “White Rose Park has a successful history of attracting and retaining blue-chip occupiers, with many expanding their presence at the site.

“However, as our tenants set increasingly ambitious sustainability goals, they need a workspace that will help them to achieve this.

“Our investment in this upgrade will meet those needs and, with the opening of White Rose Railway Station coming soon, it will also further improve commuting options for their employees as well as access to new talent.

“The support from Lloyds Bank offers us the flexibility to invest in a bright future for White Rose Park.”

Richard Butterfield, relationship director at Lloyds Bank, said: “We’re proud to support Munroe K in its sustainability plans and its aims to become carbon neutral by 2030.

“The estate is home to some of Leeds’s largest employers and this investment will help to continue attracting and retaining employment opportunities in the region.”