SPECULATIVE OFFICE SCHEME TAKES SHAPE AT THORPE PARK LEEDS

The steelwork is now completed and development is ahead of schedule for what is currently Leeds’ only major out of town speculative office scheme.

GMI Construction is progressing apace to deliver Paradigm at Thorpe Park Leeds, a premium ‘headquarters’ office building ready for occupation by November this year. Guests recently attended an official ‘topping out’ event to mark the occasion.

Paradigm offers 31,650 sq ft of lettable space with principal floor plates ranging from 8,800 sq ft to 10,275 sq ft and 122 car parking spaces. The building is prominently located overlooking Junction 46 of the M1.

It is the first of a total 940,000 sq ft of new business space planned at the Thorpe Park Leeds where planning consent has been secured for a further 1.35 million sq ft of mixed use accommodation, bringing a significant boost to the East Leeds economy.

Development plans include a 300,000 sq ft shopping and leisure park, where Next is confirmed as anchor tenant, 300 new homes by Redrow and 140 acres of parkland and sports facilities.

Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities.

Delivery of the next phase of development at Thorpe Park Leeds follows last year’s announcement that Legal & General Capital were to invest £162 million as joint development partner with site owner Scarborough Group International.

JLL, Cushman & Wakefield and BNP Paribas Real Estate are appointed to market Paradigm.

Adam Cockroft, Director at Cushman & Wakefield said, “It is fantastic to see the rapid development of Paradigm at Thorpe Park Leeds which, with the recent announcement of Next on site and other retail and leisure operators in talks, is becoming more of a destination than a standard office park.  This is a major plus point for potential occupiers seeking out of town convenience and connectivity with unprecedented facilities.”

Michael Leonard, Director at BNP Paribas Real Estate said, “It is quite rare to see such high quality specification for an out of town office location. We would expect to let the building to occupiers seeking highly visible, headquarters style premises.”

Thorpe Park Leeds is already an important business location for both Leeds and the North of England, located just six miles east of Leeds City Centre, with direct access off junction 46 of the M1.  The new development plans are groundbreaking in their mix of uses and scale and Thorpe Park Developments vision is to develop a business and leisure location unequalled in the UK creating a truly unique place for both existing and new occupiers.

Thorpe Park Leeds recently won the coveted ‘Best Deal’ Award at the Yorkshire Property Awards for its groundbreaking funding arrangement with Legal & General Capital.