Following its recent acquisition of the 150,000 sq ft Lawnswood Business Park on Leeds Outer Ring Road, Canmoor has announced the appointment of a duo of agents to market the available office space.
Existing agent CBRE has been retained and Jones Lang LaSalle has been newly appointed to replace BNP Paribas.
It was announced in November that property group Canmoor had purchased Lawnswood Business Park and Birmingham Business Park in a £70m deal from Arlington Business Parks Partnership, a specialist fund for business parks that was launched by Goodman and Legal & General Property in 2003. CBRE’s Leeds Capital Markets team represented the vendor in the sale of Lawnswood Business Park.
The high quality office park, located within the popular northern outer suburbs of Leeds, comprises eight detached buildings currently let to a number of high quality government and corporate tenants including; The Secretary of State, Bupa Care Homes, The British Medical Association, Fuel Card Services, Aramark and First Actuarial. CBRE and JLL will be marketing up to 40,000 sq ft of available space in suites from 1,800 sq ft upwards.
Jonathan Shires, Director of Office Agency at CBRE Leeds, said; “Lawnswood Business Park has strong occupier appeal due to its established location, modern office accommodation and good connectivity to Leeds and beyond. The recent acquisition by Canmoor has placed renewed focus on attracting new tenants and we are able to offer competitive, flexible packages to suit a range of occupiers.”
Richard Thornton at Jones Lang LaSalle, added; ““Lawnswood Business Park is really well placed to capitalise on a shortage of high quality offices in the north Leeds area. We forecast a continuing increase in demand for the out of town market in 2014 on the back of a strong performance in 2013 with take up being 500,000sqft. Canmoor have timed their purchased well.”
Ian Murray at Canmoor added; “Canmoor are delighted to progress plans on Lawnswood Business Park, we identified the property as the premier Business Park North of Leeds and given the strong occupier market and high quality office accommodation provided on site we anticipate a strong 2014. CBRE and JLL will be marketing the vacant space which will be further improved by our significant investment in improving the quality of the office accommodation and on site amenities to suit the modern occupier’s needs. We are also exploring possibilities for an onsite café and a shuttle bus linking the Park to Horsforth Station, Headingly and Leeds City Centre. Our intensive asset management has already led to a lease renewal with Penna PLC and we are in further discussions with other occupiers from both on and off the Park for new space ’’
