Lawnswood Business Park in Leeds is undergoing a comprehensive refurbishment by asset managers Canmoor which has already resulted in the arrival of two new occupiers.
Asset Finance UK and Arterius have taken 1,300 sq ft and 1, 900 sq ft of office space respectively at the north Leeds business park joining existing occupiers including Fuel Card Services, Aramark, British Medical Association, Bupa and accountants BHP.
Canmoor’s £1 million refurbishment programme currently underway includes a comprehensive upgrade of the 147,355 sq ft business park to provide contemporary and stylish office accommodation. A new café is also due to open shortly bolstering the on-site amenities further.
Dan Austin, Asset Manager at Canmoor commented: “Our vision for Lawnswood Business Park is to provide a high quality space, which occupiers continually want, at a very affordable rent on flexible lease terms.
“Much of the existing office stock in north Leeds is dated making Lawnswood Business Park ideally positioned to capitalise on already high levels of demand from organisations reviewing their property requirements in view of forthcoming lease events or who are looking to upgrade their offices.”
The Leeds offices of property advisers JLL and WSB are acting as joint agents on Lawnswood Business Park.
Richard Thornton, Director at JLL, added: “Property investment is very much about timing and this refurbishment means Lawnswood is now even better placed to attract occupiers given its high profile location, quality accommodation and not least high levels of car parking. Out of town office take-up last year was over 300,000 sq ft and we are forecasting an even better year in 2017.”
Duncan Senior, Director at WSB, concluded: “Following Canmoor’s appointment we have seen good levels of interest and we expect to announce another new occupiers very shortly adding to what is already an impressive tenant line up.”
Fronting the Leeds Outer Ring Road, Lawnswood Business Park comprises eight detached office buildings, totalling 147,355 sq ft. Office suites currently available from 1,945 sq ft in size to self-contained buildings of 15,000 sq ft.
Canmoor Asset Management currently manages a portfolio in excess of 12,000,000 sq ft with over 700 tenants across the UK.
