Professional services firm signs up for city centre offices

Savills, on behalf of landlord The Future Workplace Property Unit Trust (Schroders Capital), has agreed to a 10-year lease with new tenant Alvarez & Marsal (A&M), advised by JLL.

The professional services firm will occupy the entire sixth floor of 1 East Parade, Leeds, extending to 6,513 sq ft.

1 East Parade features 52,990 sq ft of newly remodelled office space across the ground and seven upper floors. The building has undergone substantial refurbishment.

This latest lease brings the property close to full occupancy, with 1,442 sq ft remaining.

Toby Nield, director in the Leeds office agency at Savills, said: “The decision by Alvarez & Marsal to relocate to 1 East Parade is a testament to the high-quality refurbishment delivered by our client, which meets the strong demand for high quality office space in good central locations.

“This move, along with the strong take-up figures we’ve seen this year, highlights the strategic importance of 1 East Parade as a prominent building in Leeds central business district.”

Carter Towler are joint agents with Savills.