Jones relinquishes lease on Victoria

Property consultant Jones Lang LaSalle has resigned as letting agent on a Yorkshire shopping centre following its takeover of King Sturge.
By The Newsroom
Published 1st Sep 2011, 09:55 BST

The Leeds-based firm has relinquished its leasing instruction on Victoria Quarter, which has been held by King Sturge since 2001, although it still manages day-to-day operation of the centre.

Jones Lang LaSalle said its appointment as leasing agent for Trinity Leeds, which is due to open in 2013, and the White Rose Shopping Centre in Leeds, led to the decision.

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Meanwhile, former King Sturge partner Jonathan Newns has left Jones Lang LaSalle and is understood to be taking the mandate with him to Leeds agent Barket Proudlove.

Guy Grainger, head of UK retail at Jones Lang LaSalle, said: “We wish Jonathan well for the future. Our enlarged retail business of over 120 people is stronger than ever in the regions so we still have plenty of depth to provide our clients with more expertise, greater resource and an enhanced service.”

Jones Lang LaSalle acquired King Sturge in a £197m deal in June. The enlarged group has 120 staff in Leeds.

Related topics:LeedsTrinity LeedsYorkshire