Member Article

Knight Frank secures excellent out-of-town Leeds letting

The Leeds office of global property consultancy Knight Frank have secured an “excellent” out-of-town office letting at Temple Point Business Park in Colton, east Leeds.

BigChange, the mobile workforce management technology company, has taken a five-year year lease at the 3,509 sq ft ground floor of Unit 3 of Temple Point. The rent is £13.00 per sq ft.

Elizabeth Ridler, partner at Knight Frank, who advised Grantham-based landlords Vernon Holdings Ltd, commented: “This is an excellent letting in the challenging out-of-town office market. Unit 3 forms part of Temple Point, a high-quality office park comprising nine modern office buildings situated at J46 of the M1, which is now fully let.

“This strategic location of Temple Point, adjacent to Junction Yorkshire’s superb network, was a significant factor in the letting, as was the quality of the building, the landscaped environment and the ample parking facilities.

“Temple Point is only a very short walk of Colton Mill Retail Park, which includes a Sainsbury’s Supermarket, Next, Boots, Travel Lodge, a creche, restaurants and fast food outlets all close by,” she added.

The first floor of the two-storey building is occupied by Tolent, the leading northern construction company.

James Cameron who manages the asset on behalf of Vernon Holdings said, “I would like to welcome BigChange to Temple Point and to thank Knight Frank and for letting these premises for us. “

Martin Port of BigChange explained: “The company has grown rapidly over the last three years, we now employ over 30 people and have outgrown our current offices in Leeds. The new offices we will occupy are a perfect match of our requirements.

“We were impressed with the speed and professionalism of the Agents Knight Frank, the landlords and there legal team. We would like to thank also Michael Bush of Henry Hyams Solicitors who acted on our behalf,” said Mr Port.

Ms Ridler commented: “Overall, the Leeds out-of-town office market, which hasn’t picked up as quickly as the city centre office market in the aftermath of the recession, is now showing signs of a sustainable revival. This letting at Temple Point is a very good example of this, illustrating that well-located and competitively-priced quality offices on the outskirts of Leeds with the benefit of on site or neighbouring amenity are now proving popular again.”

This was posted in Bdaily's Members' News section by Robert Beaumont .