Agent says long-term lease demonstrates office market’s resilience
Engineering, management and development consultancy Mott MacDonald has taken a 10-year-lease on the fifth floor of 26 Whitehall Road, Leeds, which is owned by Credit Suisse Asset Management.
The deal for the 15,500 sq ft of office space was brokered by the Leeds office agency team of Knight Frank, led by partner Eamon Fox.
Fox, who advised Credit Suisse Asset Management, said: “This is a very significant deal, underlining the fact that 26 Whitehall Road is one of the finest office buildings in the city.
“It already boasts some high-profile occupiers, including Yorkshire Post Newspapers, global consumer finance business International Personal Finance (IPF), energy company Engie (formerly GDF Suez) and Sky.
“These occupiers underpin the quality of 26 Whitehall Road and its excellent location.
“It has an enviable combination of low running costs, high-tech features, quality design and superb office space. It is also one of the most energy efficient buildings in Leeds and has recently been refurbished.
“This deal, one of the largest of the last three months, also emphasises the strength of the Leeds office market, which has proved remarkably resilient in the face of the challenging economic climate.”
Lisa Littlefair, Leeds City lead for Mott MacDonald, said: “Following the continued growth of our business as we deliver work across West Yorkshire and nationally, we’re pleased to be expanding our base in Leeds city centre.
“Being in the business district of the city, between Temple Quarter and Wellington Place, our new office will continue to benefit our staff with excellent local facilities and good travel connections, whilst also offering a contemporary space that fosters a spirit of collaboration and creativity.”