The accounting, consultancy and auditing firm KPMG has agreed terms that would see it occupy around 60,000 square feet of office space at a planned development in central Leeds.
Grade A office space development projects like that set to house dozens of KPMG staff in years to come have been very few in number in recent years and less still are actually in the pipeline. But plans for a trio of good-size office buildings are well advanced, with KPMG having boosted the project by agreeing pre-let terms on what will be the first of the three.
Local regeneration expert Muse Developments is collaborating with the Sovereign Leeds company on the scheme which has ear-marked an area of green public space land on Sovereign Street as its location.
“We look forward to working closely with our partners to deliver one of the few pre-let, Grade A, office buildings to be proposed in the city over the next few years,” commented David Wells, development director at Muse Developments.
“Our already good relationship with the council and experience elsewhere in Yorkshire will help to deliver Sovereign Square as a significant new space within the city.”
Mike Heydecke from Sovereign Leeds explained that the commitment from KPMG, which is a major employer in the north of England and the rest of the UK, bodes well for a project still in the design phase of development. “This deal with Muse provides the company with sufficient financial resource and a development platform to embark upon this major office development which is a significant landmark for the city of Leeds and the regeneration of this area of the city,” he said.
Detailed plans for what looks set to be the largest Grade A office space build in Leeds over the next few years are to be submitted to the relevant authorities in August.