Fully let at Paradigm

Scarborough International Properties Limited (SIPL), the UK and international real estate developer and its joint venture partner Legal & General announce that they have fully let Paradigm at Thorpe Park Leeds, after securing a tenant for the remaining 20% of office space.

EP UK Investments Limited (EPUKI), a UK energy company, primarily focusing on power generation from conventional and renewable sources. has taken a 10-year lease to occupy 6,250 sq ft of office space on the ground floor of the building.

Paradigm, which offers 31,650 sq ft of premium office space and 122 car parking spaces, is the first speculative Grade A office building delivered as part of the £162 million phase two development at Thorpe Park Leeds. EPUKI joins Wates Construction (10,275 sq ft), Pure Retirement (12,575 sq ft), the multi-award-winning equity release lender, and Renew Holdings (2,550 sq ft).

Cushman & Wakefield, JLL and BNP Paribas Real Estate acted for the Partnership and CBRE acted for EPUKI.

Paul Holcroft, Head of Commercial Leasing at Scarborough International Properties, said: “This final letting at Paradigm gives us a high-quality mix of tenants, attracted to a business environment that sets the standard for the future, creating a prime investment opportunity which we are considering bringing to the market soon.

“The success of Paradigm gives us great confidence in progressing the next phase of office development to complement ‘The Springs’ our successful retail development at Thorpe Park Leeds which will be opening next month”.

Rachel Dickie, Head of Urban Regeneration at Legal & General Capital, added: “Our leasing success at Paradigm demonstrates the quality of grade A space that we are offering at Thorpe Park Leeds and reflects our vision to create places and spaces where people want to work that is on par with the city centre.”