Member Article

Bond Dickinson advises Leeds property develop on largest pre-let deal in 20 years

National law firm Bond Dickinson has advised Town Centre Securities plc (TCS) on the letting of Merrion House, the largest pre-let office deal in Leeds City Centre in over 20 years.

Leeds City Council has agreed a 25 year lease for circa 170,000 sq. ft. of new and refurbished space at Merrion House, which will see the council’s main services in Leeds offered from a modern, state-of-the art single home in the city centre.

Edward Ziff, chairman and chief executive of TCS, said; “To be able to bring all the council operations together at Merrion House in what represents the largest City Centre office deal in over two decades, is another achievement for the Arena Quarter.

“With the continued investment into the Merrion Centre, the area is transforming itself into one of the City’s most important destinations and this latest deal is testament to that.”

The deal, delivered by Bond Dickinson’s real estate, construction, commercial and corporate teams, involved a number of complex legal and financial issues. The core team involved real estate partner Paula Dillon, banking and finance partner John Connor and associates Vicky McCombe, Matthew Smith and Dean Murray.

Paula Dillon, partner in the firm’s developers and investors team commented: “Bond Dickinson is very proud to be working with TCS on the pre-let of Merrion House, which is a key development for both them and the city. It was a complex transaction and the fact that solutions were found at every stage is testament to the collaborative spirit which prevails in public/private partnerships in Leeds.”

This was posted in Bdaily's Members' News section by Bond Dickinson .