Complex wins £96m backing

FUNDING has been secured for the development of a £96m speculative city centre office building.

M&G Real Estate has confirmed it will finance the Central Square scheme, on Wellington Street in Leeds, in partnership with Marrico and Roydhouse Properties.

Marrico will continue to act as development manager on behalf of M&G.

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Construction is underway on the 11-storey building, which is due to be completed in May 2016.

Designed by DLA Design, the 220,000 sq ft block will deliver 10 floors of offices and will be supported by retail, cafes, restaurants and 128 car parking spaces.

Hugo Henkes, of M&G Real Estate, said: “We have been searching for opportunities in the Leeds market for some time and believe this scheme will meet the requirements of many national and international businesses currently in the market.”

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