Why the flagship Central Park development in Leeds is fully let despite the lockdown

A major commercial property development in Leeds is fully let, despite the economic disruption caused by the lockdown.

Rivendell Europe has taken 3,135 sq ft of quality office space at the popular Central Park development in Leeds.

Rivendell Europe has taken 3,135 sq ft of office space at Central Park development in Leeds.

This deal, finalised during the Covid-19 lockdown, means that Central Park is now fully let.

Sign up to our Business newsletter

Sign up to our Business newsletter

Rivendell have signed a five-year lease at a rent of £17.50 per sq ft at the self-contained London House on the park.

The deal at Central Park, which is owned by regional office fund Squarestone Growth, was brokered by the Leeds office of global property consultancy Knight Frank.

Sam Jamieson of Knight Frank, who represented Squarestone Growth, commented: “This significant deal means that Central Park is now fully let.

"Since Squarestone bought the park in 2017, occupancy has risen from 20 per to 100 per cent, a resounding testament to the rolling investment and refurbishment programme, carried out by the Knight Frank Building Consultancy team, that Squarestone has implemented.

“Rivendell have made a major commitment to Central Park, which is perfectly located immediately south of Leeds Station and close to the River Aire. It also fronts the main

approach road into Leeds from the A1, the M1 and the rest of Yorkshire’s superb motorway network.

“We are especially pleased to have concluded this deal in the middle of the Coronavirus crisis. It proves that the market hasn’t completely ground to a halt and that firms such as

Rivendell are planning for the future in these testing times,” he added.

Rivendell produces a variety of pre-media services to the packaging and home shopping retail markets including photography, design, artwork, colour and content management, web

enabled services and plate making for printing.

Ben Edwards of Rivendell said the company was coming to the end of the lease at its current Leeds premises.

He added: “The existing facility is over two floors and we preferred an open-plan environment over one area. With Central Park the layout, specification and location, with on-site parking, ticked all of the boxes for us. We are delighted with our new base at Central Park, where we will have 38 staff.

“Altogether Rivendell operates out of four different locations, two in Leeds - one in the city centre and one in West Park. The others are in Manchester and Spalding,” he added.

Paul Coulter, founding partner of Squarestone Growth, commented: “We are delighted that Rivendell have committed their future to Central Park. This is a ringing endorsement of the

development and supports our comprehensive investment programme to upgrade the site and to appeal to modern occupier needs, whilst providing cost-effective space in a superb central

location.”

Other tenants at Central Park include Estio Training, Smiffys, QBE and Unisys.

The Leeds office of Knight Frank is the sole letting agent for Central Park.

Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.

Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.

And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.

Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected] Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.

If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.

Sincerely. Thank you.

James Mitchinson

Editor