Office redevelopment gets go-ahead

Plans to redevelop a 1980s office building in the centre of Leeds were given the go-ahead yesterday.

Formal Investments, working in partnership with Ripley Capital, secured a detailed planning consent from Leeds City Council for their 37,500 sq ft re-development of the former Prince William House, now re-named 21 Queen Street.

The new building will consist of new and refurbished offices.Upgraded public areas and tree planting are also planned. The property will feature various technical and environmental features including: rainwater harvesting, electric car charging, and a minimum BREEAM 'Very Good' rating.

Richard Bean, asset manager at Ripley Capital, said: "We are confident the high sustainability credentials and quality of 21 Queen Street, together with a reducing supply of office accommodation within the Leeds central business district will make the building an attractive proposition for tenants."

Nikolaj Dockree, director of Ripley Capital, added: "This is an important milestone for both Ripley Capital and Formal Investments."