Leeds-based property investor and car parking operator, Town Centre Securities PLC (TCS), has released exclusive images of its newly rebranded 123 Albion Street office development which has the largest available floorplate in Leeds City Centre.
Formerly The Cube, the newly named 123 Albion Street is in the final stages of a comprehensive £5m refurbishment programme to deliver circa 60,000 sq. ft of Grade A offices into the City’s pipeline, in suites from 8,000 sq. ft upwards, including 19,000 sq. ft floorplate which will be the largest one available to occupiers in the city centre.
123 Albion Street is located on the edge of the newly defined ‘Innovation District’ of Leeds City Centre and is equidistant between the retail and office core. In addition to the 60,000 sq. ft of prime office accommodation over 3 floors and an atrium reception currently being refurbished, the building includes 22,000 sq. ft of ground floor retail space and ample parking. The refurbishment will see the comprehensive refurbishment of the offices, floorplates and common parts as well as improved shower and parking facilities plus cycling and EV CitiCharge.
Situated adjacent to TCS’s largest single asset, the Merrion Centre, 123 Albion Street is also on the main arterial route of Woodhouse Lane, Great George Street and Merrion Street and fronts several main bus routes while also being a short walk from Leeds Train Station.
The location benefits from numerous leisure and recreational facilities nearby with the immediate retail and leisure occupiers being Turtle Bay, Vue Cinema, Prezzo and The Picture House. More notably, the area has benefited from significant investment in recent years with the £60 million development of Leeds First Direct Arena. This has acted as the catalyst for a plethora of subsequent new student development projects for both residential and education facilities.
TCS has appointed the office agency teams at CBRE and Knight Frank as marketing agents for the new offices. Graham Interior Fit-Out are the main contractor responsible for delivering the scheme, which is set to be completed in July 2020.
Edward Ziff, Chairman & Chief Executive, TCS commented:
“Since we acquired 123 Albion Street as The Cube at the end of 2018, we have been formulating a masterplan to maximise the potential of this strategically located asset and are confident that our investment into creating almost 60,000 sq. ft of Grade A offices will be a welcome addition to the Leeds City Centre office pipeline. This location has so much to offer occupiers and we are delighted that despite the challenging backdrop across the globe the team are still on track to deliver the extensive refurbishment programme. It is a real opportunity to be able to bring the largest available floorplate in the city centre to market and we are excited to share these first images of how the building will look upon completion of the works.”
