Next Phase Begins On Leeds Mixed-Use Development

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Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E. info@burflex.co.uk

Next Phase Begins On Leeds Mixed-Use Development

Next Phase Begins On Leeds Mixed-Use Development

Developer and asset manager MEPC has restarted works on 11 & 12 Wellington Place, Leeds, after a break during 2020 to focus on the completion of 4 Wellington Place.

Insider Media reports that with enabling works on 11 & 12 Wellington Place now completed, the development is on track for completion in Q4 of 2022, becoming the ninth building completed by Wates Construction.

The completed property will provide the Leeds office market with 245,000 sq ft of Grade A, BREEAM (Building Research Establishment Environmental Assessment Method) Outstanding office and retail/leisure space.

The construction of Wellington Place has already made a significant contribution to the economic and social value of Central Leeds. More than £30 million has been spent with subcontractors based in the city, with 300 Leeds residents employed and 100 apprenticeships completed.

Once completed, 11 & 12 Wellington Place will attract 2,500 more people to the area, bringing the projected total working population of Wellington Place to 12,500 people.

11 & 12 Wellington Place is the first Pioneer Project in Yorkshire for the Better Buildings Partnership as part of its ‘Design for Performance’ initiative, which aims to change the way new office developments are designed in the UK.

The project will focus on minimising the energy consumption of the building during operation by addressing the performance gap between the assessed energy consumption at the design stage and actual consumption.

The buildings are being developed and managed by property investment and development firm MEPC, which last year was acquired by the international business of Federated Hermes, and are funded through a joint venture between CPP Investments and Federated Hermes.

Paul Pavia, head of development at Wellington Place for MEPC, said: “The renewed commitment by the international business of Federated Hermes and CPP Investments to continue to invest in 11 & 12 Wellington Place demonstrates the relevance and appeal of urban regeneration and placemaking to the occupier market.

“The construction of this building takes us beyond the halfway mark of the Wellington Place masterplan and will offer Leeds far more than just office space. It will play a big part in attracting major players to the city and continue to cement our position in the Northern Powerhouse.”

Councillor Judith Blake, leader of Leeds City Council, added that it was great to see the development coming together over the past few years and that she was delighted to see another major step taking place.

“The scheme as a whole has a fine track record of employing local people and creating apprenticeship opportunities, both of which will be more vital than ever as Leeds pushes ahead with its recovery from the coronavirus pandemic,” she said.

Tom Riordan, CEO of Leeds City Council, said that the continued investment in the development of Wellington Place is an overall positive step for the city, as the council looks to supporting the local community with rebuilding, ‘after what has been a difficult year.’

“Wellington Place is playing a pivotal role in the regeneration of the West End of the city, “ he said

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