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AN OUTSTANDING OPPORTUNITY in the HEART of LEEDS CITY CENTRE for SALE on Behalf of DISCLAIMER © COPYRIGHT 2019 JONES LANG LASALLE

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AN OUTSTANDING OPPORTUNITY in the HEART of LEEDS CITY CENTRE for SALE on Behalf of DISCLAIMER © COPYRIGHT 2019 JONES LANG LASALLE On instruction of: For further information contact: [email protected] [email protected] JLL City Point, 29 King Street, Leeds LS1 2HL www.jll.co.uk LEEDS AN OUTSTANDING OPPORTUNITY IN THE HEART OF LEEDS CITY CENTRE FOR SALE On Behalf of DISCLAIMER © COPYRIGHT 2019 JONES LANG LASALLE. (JLL) and LEEDS CITY COUNCIL. All rights reserved. No part of this publication may be reproduced or Leeds City Council transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. (JLL) and LEEDS CITY COUNCIL. It is based on material that we believe to be reliable. Whilst every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. No liability for negligence or otherwise is assumed by Jones Lang LaSalle (JLL) and LEEDS CITY COUNCIL for any LISBON STREET loss or damage suffered by any party resulting from their use of this publication. Leeds, LS1 4LY 2.77 acres (1.12ha) LEEDS HAS A DIVERSE AND ROBUST ECONOMY AND BOASTS THE FOLLOWING: ££££ LEEDS CITY REGION £69.6 AS A POPULATION OF BILLION 3.1 MILLION ECONOMIC OUTPUT BUSINESS BASE OF WORKFORCE OF 125,000 OPPORTUNITY 1.9 MILLION COMPANIES OVER 10% OF ALL UK 116,365 GRADUATES WERE SUDENTS EDUCATED IN LEEDS FASTEST RATE OF PRIVATE SECTOR JOB LEEDS POPULATION Lisbon Street represents a prime development GROWTH IN THE UK OVER THE LAST 10 YEARS 779,000 opportunity in the heart of Leeds City Centre. Rarely does a site of this scale and nature present itself to the open market. 1 EMPLOYMENT The Lisbon Street site extends to FORCAST TO GROW BY 2.77 acres (1.12 ha). 1 1 10.4% OVER THE NEXT 10 YEARS Lisbon Street is available for sale as a whole, THE FINANCIAL AND BUSINESS SERVICES SECTOR subject to the grant of a 250 year development IS EXPECTED TO GROW BY lease. LEEDS IS HOST TO 21% 20 FTSE OVER THE NEXT 10 YEARS 100 COMPANY HQS AND Offers are being sought for the site by RANKING LEEDS AS THE MORE THAN 12 noon on Friday 27th September 2019. LARGEST The information required to accompany all offers FINANCIAL AND BUSINESS 30 SERVICE SECTOR OUTSIDE NATIONAL AND can be found on the online portal. LONDON INTERNATIONAL BANKS TO HARROGATE A58 A58 A660 CLAY PIT LANE CLAY PIT LANE A5 UNIVERSITY 8 (M) OF LEEDS H LEEDS CITY BURLEY ROAD LEEDS GENERAL INFIRMARY CENTRE TO BRADFORD KIRKSTALL ROAD BURLEY STREET LEEDS TOWN HALL YORK ROAD A64 WESTGATE THE HEADROW D TO YORK A O EASTGATE G R RIN ER LISBON STRETT INN SITE (M) 58 A61 A ROW PARK BURBERRY BRIGGATE WELLINGTON STREET CHANNEL 4 CANAL STREET SKYBET HMRC TRINITY LEEDS BOAR LANE A58 LEEDS STATION Situated in the heart of Leeds’ West End with the Innovation District to the north, this prime mixed MEADOW LANE use location has attracted numerous high profile ROYAL ARMOURIES SOUTH VICTORIA ROAD MUSEUM organisations, such as C4, Burberry and Sky that BANK A61 A58 have chosen to locate within the immediate vicinity of the site. With numerous bars and restaurants A643 DEWSBURY ROAD A61 in the area, this unique opportunity has all the DOMESTIC STREET necessary credentials for a Prime City Centre site, MEADOW ROAD A61 being one of the last remaining cleared vacant plots A653 in this popular area of the City. TOP MOOR SIDE M621 This prominent gateway cleared development site M621 A61 EASY ACCESS TO LEEDS is bounded by the Leeds Inner Ring Road (A58 A643 BRADFORD AIRPORT M) to the north west, Lisbon Street to the west, Castle Street to the south, Little Queen Street to the LEEDS RAILWAY STATION east and St. Paul’s Street to the north. Leeds City 7 MINUTE WALK Railway Station and City Square are located within 7 minutes’ walk, and the Trinity Shopping Centre is LOCATION LOCATED ADJACENT TO LEEDS located within 10 minutes’ walk. INNER RING ROAD A58(M) Lisbon Street is readily accessible by public transport and is within 7 minutes walk of the WITHIN WALKING DISTANCE busiest transport hub in the north. The site is OF LEEDS UNIVERSITY located directly adjacent to the Inner Ring Road (A58 M) providing excellent access to the M621, M1 and M62. Yorkshire’s (Leeds Bradford Airport) Airport is LEEDS CITY CENTRE just 10 miles to the north west. 3 MINUTE WALK CONTEXT This cleared site represents a significant opportunity to develop a distinctive commercial led mixed- use gateway destination which embodies the West End’s vision for sustainable growth whilst offering a dynamic transition between the City Centre’s financial core and neighbouring residential and riverside localities. Located at the heart of the prime office core – the Lisbon Street site sits in close proximity to a number of significant successful development schemes such as Wellington Place (home to Skybet, HMRC and others), Central Square (PWC and Link) and when complete, Majestic (Channel 4). Located close to the junction of Leeds’ Innovation District, the site offers excellent connectivity to world class teaching, medical and research institutions including University of Leeds and Leeds Teaching Hospital Trust. The site will benefit from the current£10 Billion Infrastructure Investment Programme including ‘Connecting Leeds’, ‘Leeds Integrated Station Masterplan & HS2’, ‘Our Spaces’ and the growth programme for Leeds Bradford Airport. In addition the City Centre is set to double in size in coming years. N With regard to design, Leeds City Council are seeking a high quality commercially led scheme including an opportunity to create height, particularly at the northern edge of the site, and to also include an area of civic greenspace and public realm. A Planning Statement has been produced and PLANNING can be viewed in full on the online portal. The site lies within the designated • Offices City Centre. It is allocated as a • Residential specific office proposal area within • Hotel the Saved Policies of the UDP • Educational CONTEXT Review 2006 and is identified in the emerging Site Allocations Plan • Active ground floor office, food (SAP) as a Mixed Use Allocation site and drink and leisure uses are for at least 13,243 sq m (142,546 promoted. sq ft) office use and at least 209 • A new high quality civic-scale residential units. The following uses greenspace would be supported: SITE DETAILS TECHNICAL INFORMATION Details of the prescribed information required Further information can be downloaded from as part of the submission of bids can be the online portal. No guarantee or warranty downloaded from the online portal. The offer can be given regarding the due diligence procedure must be observed. for the site and prospective occupiers and developers should rely on their own Following completion of the development investigations. the Council may potentially be interested in purchasing it to hold as an investment if TENURE the new owner is interested in disposing. An The Council hold the freehold of the site. The Option in the Council’s favour for this may be Council is making a 250 year Development included in the lease/freehold transfer which Lease available. can be triggered if the owner decides to sell the building. The Council will not be obliged to OFFERS acquire. The Council is inviting informal offers for a 250 year Development Lease by 12 noon VAT will be chargeable on the purchase price 27th September 2019. Submissions with and fees. significant and in principle agreed pre-lets or with a clear statement that development will CONTACT be undertaken speculatively are positively The site can be viewed from the adjoining invited and encouraged. It is expected a public highway network at any time, but if conditional offer will be accepted. you wish to meet the sole agent, or to discuss anything, please contact either Hannah The successful purchaser will exchange a Partington or Jeff Pearey at JLL. Development Agreement with a 10% deposit being paid on exchange. The purchaser will Further information on the site can be pay the Council 75% of the fees payable (fees obtained via the online portal. are charged at 4% of the gross premium All enquiries and requests for further payable) in this transaction upon exchange information should be made of the sole of the Development Agreement. These fees marketing agent. will be non-returnable in the event of the transaction not completing. Hannah Partington T +44 (0)113 261 6228 A 250 year Development Lease will be M +44 (0)7525 824559 granted by the Council upon satisfaction of [email protected] the conditions contained in the Development Agreement. The balances of the purchase Jeff Pearey price and fees will be payable upon the T +44 (0)113 261 6236 lease being granted. The lease may contain M +44 (0)7738 501673 an option for the lessee to acquire the [email protected] freehold interest in the site upon successful completion of the development..
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