Globe Point: major Leeds development reaches near letting capacity as fifth tenant signs in a matter of weeks

Developer CEG has announced that its Globe Point development in Leeds has almost reached capacity, after a fifth tenant has secured space in the building in a matter of weeks.

Birmingham-based Specialist Computer Centres (SCC), the development’s latest tenant, will move to the flat iron design building In June of this year, relocating its Leeds offices from Wellington Place.

SCC is part of the global Rigby Group headed up by Sir Peter Rigby.

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Olivia McDowell, investment manager at CEG. said: “It is fantastic to see SCC join the thriving business community within Globe Point.

The Globe Point development in Leeds's Temple district.The Globe Point development in Leeds's Temple district.
The Globe Point development in Leeds's Temple district.

“As a company with a wide range of public and private sector clients, the location, as well as the quality and design of the space appealed. Globe Point has fast become a success story delivering a new benchmark for the Temple district.”

News of the latest contract comes after earlier this year, Knight Frank’s UK Cities Report predicted that prime commercial property rents in the city were expected to hit record highs, moving towards £38 per sq ft.

Knight Frank said the increase was down to a combination of new offices either being built or comprehensively refurbished, as well as the increased pipeline of occupier demand.

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In the final quarter of 2022, office take-up in Leeds was also the highest it has been for five years.

SCC joins global legal practice Reed Smith, which announced its relocation to the site this month.

Brand design agency Robot Foods and marketing and data science company Jaywing have also taken space in the building, along with Butlers, which runs the 65-cover ground floor café bar.

Only 17,434 sq ft remains at the 40,430 sq ft seven-storey office development. It is available as an entire floor from 4,477 to 6,479 sq ft or as individual suites from 2,000 sq ft.

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Once fully occupied, the building will be home to more than 800 people.

Liam O’Keeffe, Rigby Group’s asset manager, said: “SCC has invested significantly in the occupational Real Estate portfolio in the last few years, following the refurbishment of the Global Head Quarters in Birmingham, the relocation of the London City office and the new Bracknell office.

“Globe Point, Leeds is the latest in a series of exciting commitments by SCC, built upon the continued success and growth of its Northwest commercial business.

“The South Bank area of Leeds has been utterly transformed over recent years.

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“The Globe Point development, part of the wider Temple Masterplan, has phenomenal environmental credentials and a fantastic contemporary design. Globe Point has provided another progressive acquisition for SCC.”

Knight Frank and Fox Lloyd Jones are marketing the building on behalf of CEG.

Globe Point is the first of CEG’s developments to complete within the Temple district of the city.

As well as delivering the refurbishment of Draper’s Yard, CEG has also welcomed Chow Down and Slung Low to Temple Arches and Water Lane bringing additional vibrancy to the bustling Temple area.

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Eamon Fox, partner and head of office agency at Knight Frank in Leeds agreed the deal with SCC.

He said:“One of the highest specification offices on the market, Globe Point, is now home to a diverse range of occupiers, from a global legal company to a pan European technology business.”

“Globe Point is the result of focused design, innovation, environmentally friendly design which understands our audience in Leeds for workspace.”