Palace Capital launches office scheme in York (GB)

Palace Capital launches new office scheme in York (GB)

Palace Capital has launched a Grade A speculative office scheme in York as part of the Hudson Quarter development. Located within the historic city walls, opposite York railway station, the complex will comprise 35,000ft². Caddick Construction is the main contractor on the site where the offices will be completed towards the end of next year, followed by the apartments which will follow in early 2021. Set in four buildings, around a landscaped courtyard, three will be for new apartments and one will be offices.  The development will also include other commercial space and a new route through from the Railway station to Toft Green. 


Neil Sinclair, Chief Executive of Palace Capital commented: “Hudson Quarter is progressing very well and the different elements will ensure it is a mixed-use scheme of the highest quality. The new office space is a testament to the attractive nature of the site, and York in general, and is a huge sign of confidence in the City.”


Joint agents for the office element, Richard Thornton from JLL and Richard Dunn from Sanderson Weatherall, commented: “The York office market has not seen a speculative development like this for many years and it offers a unique opportunity to move into an iconic new development in the heart of the City and opposite the station from where non-stop trains to and from London run with a 110-minute journey time. Early interest in the offices has been very encouraging and we expect this to continue as the building progresses since the market has been starved of high-quality office development for over 10 years.”

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