M&G Real Estate and its development partner, Marrico Asset Management, reached practical completion at its 271k SF Central Square office development in Leeds.
Central Square is the largest spec office building ever to open in Leeds, and was developed in response to market demand for a city centre development with high-quality, sustainable office space. The development offers the largest individual floor plates in Leeds, which are appropriate for the different requirements of a variety of tenants.
Two new deals have been secured for the ground floor, including Marks & Spencer, which will occupy a nearly 5k SF store on a 15-year lease, and European-style coffee house brand Caffè Nero, which has taken a 1,700 SF unit on a 10-year lease.
The scheme's anchor tenant, PwC, which has signed a 15-year lease for over 49k SF, moved 750 staff into the building last week. It will be joined by accountancy professional services network RSM, which signed a 15-year lease for 25k SF and will relocate 350 of its staff to its new office in June 2017.
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