Wealth management firm Investec Wealth & Investment is set to relocate to larger premises in Leeds as it looks to cater for client growth and accommodate more staff.
The firm is moving from its current office in Quayside House at Canal Wharf in Leeds’ South Bank and taking 20,500 sq ft of space at 3 Wellington Place in the city centre.
Rowena Houston, divisional director and Head of the Leeds office at Investec Wealth & Investment, said: “The move to Wellington Place reflects the success of the Leeds business and our need to expand.
“We have seen increased activity from across our regional client base, from private clients and intermediaries, and we are responding by investing in resources and talent.”
The move is expected to take place in fourth quarter of this year and Investec said the new office will be 60 per cent larger than the size of its current office.
It didn’t disclose how many more staff it would be able to accommodate or the current number of staff it has in Leeds.
The Leeds office of property consultancy Knight Frank advised Investec Wealth & Investment on the move to property investment firm MEPC’s flagship development.
Eamon Fox, partner and head of department at Knight Frank in Leeds, said: “This is one of the more significant office deals in the city so far this year.
“It is both a ringing endorsement of the Wellington Place development and another example of the renaissance of the western side of the city centre.”
He added: “There is now a very strong professional core on the western side of Leeds city centre, both in Wellington Place itself and in the immediate surrounding area.”
Ms Houston said: “It is important that we remain close to Leeds City Centre. Being close to the station and additional parking is important and the location of 3 Wellington Place will allow us to continue to attract professional people into our business.”
Mr Fox said: “Wellington Place is more than just a place to work. It’s a lifestyle, a place where you can find the perfect work life-balance, whether you’re squeezing in a workout between meetings, eating lunch in the park or grabbing a drink after work – and that’s great for business,”