CEG has appointed BAM Construction to deliver the first phase of its €384m (£350m) development at Globe Road, Leeds. It is the only announced speculative new-build office completing in Leeds City Centre in 2021. Known as Globe Point, this first development totals 37,810ft² over seven floors and incorporates office space with ground floor break out space, retail and leisure. Its iconic design by award-winning Feilden Clegg Bradley Studios will be the first flat iron building to be built in Leeds since 1875.
Nick Lee, Development Director of CEG, said: “We have taken a different approach to the design of our first development at Temple, with occupiers front of mind. We are harnessing everything we have learnt about what our customers need for their business to thrive and will deliver it in a contemporary, flexible and unique way.”
John Phillips, BAM’s Regional Director for the North East, said: “BAM is the ideal fit for CEG’s ingenious vision for Leeds. Being not only a historic company here, but also highly modern in our methods and collaborative in our approach, really matches the qualities of the building and its wider context. We have built many of the most recognisable buildings in the city, but you are only as good as the next one you build; and as ever, it is the quality of your relationships that drives the quality of your work. There is genuine excitement at BAM about being a part of this tremendous and far-sighted development that really connects to the soul of the city."
While phase one will be complete by spring/summer 2021, CEG is already working on the detailed design of its second phase, One Globe Square, which has reserved matters planning permission for 135,481ft² of offices with ground-floor retail and leisure.
Paul Fox, Director of property agency Fox Lloyd Jones, said: “There is an acute supply gap of new and refurbished Grade A office buildings in Leeds. We are also seeing rising demand, particularly following Channel 4’s announcement that the city would be its new headquarters. Of the Grade A stock currently available, which typically accounts for 60% of total take-up, headquarter-style properties under 50,000ft² are limited to just a handful of options. This undersupply, combined with Temple’s unrivalled location, just minutes’ walk from Leeds City Station and the commitment to build speculatively, is very exciting, and we are engaging with pre-let interest.”
CEG also has outline planning permission for further development of up to 1.1million ft² of offices, shops, cafés, restaurants, bars, hotel and up to 750 new homes. This, along with innovative outdoor plazas and green spaces will create a thriving, vibrant and welcoming space to enjoy for those who will live, work and visit. The developments will be at the heart of Temple, a new district within the city centre which forms a key part of the South Bank Regeneration Area of Leeds, adjacent to Leeds trains station. It includes the 8.69-acre sites around Water Lane and Globe Road which CEG secured planning permission for last year, as well as the historic Grade I listed Temple Works, which was acquired in early 2018.