Landmark city centre building fully let after major deal
BROAD GATE in Leeds is now fully let after a deal was struck for the remaining 10,814 sq ft of space.
LifeSearch, the life-insurance protection intermediary, is moving into the building on the Headrow from Capitol House on Bond Street.
LifeSearch has signed a 10-year lease, with a five-year break, paying £25 per sq ft in a deal brokered by the Leeds office of Knight Frank on behalf of owners Northwood Regional UK.
Eamon Fox, partner and head of office agency at Knight Frank, said: “This is a very important deal, bearing in mind the largest letting in the second quarter of this year was 8,000 sq ft to Addleshaw Goddard at 3 Sovereign Square. It also means that Broad Gate is now fully let once again.”
The 300,000 sq ft flagship mixed-use development comprises four floors of Grade A office space and a suite of penthouse offices, together with four prime retail units.
Mr Fox said: “Broad Gate is one of the finest office developments in Yorkshire.
The excellent location, overlooking The Headrow, creates a business destination with all the benefits of the city centre on its doorstep. The transformation of this historic building has provided a unique opportunity to take some of the most remarkable space in the city centre.”
Occupiers in Broad Gate include KPMG, Yorkshire Building Society, Cap Gemini, Colliers, PURE Offices and Ramboll Environ.
Broad Gate was formerly the home of Lewis’s, the first department store in Leeds, which was built in 1932, and then Allders.
Colliers is joint letting agent with Knight Frank on Broad Gate.
Deloitte Real Estate acted for LifeSearch.
