Knight Frank makes 'siginificant' letting at Coronet House

The Leeds office of global property consultancy Knight Frank has brokered a significant deal to the Elizabeth School of London at Coronet House in Queen Street, Leeds.

The Elizabeth School, which specialises in English language courses and recruiting students for higher education, has doubled its occupation, taking an additional 7,105 sq ft of high-quality office space in the heart of the city’s professional quarter, paying £16 per sq ft.

This deal means that the 27, 215 sq ft office building is now fully let, with other occupiers including law firm Clarion and Maximus, who deliver the Restart scheme in West Yorkshire. Knight Frank act on behalf of the landlord, James Hare Ltd.

Coronet House is a modern office building providing good quality office accommodation on five floors with a substantial basement car park. All floors have been recently refurbished.

Coronet House is prominently situated fronting onto Queen Street, close to its intersection with Wellington Street, within the professional core of Leeds city centre. Victoria Harris, office agency surveyor with global property consultancy Knight Frank in Leeds, explained: “Within the last 12 months we have done deals to Maximus, the Elizabeth School of London and Clarion.”

Victoria commented: “The fact that Coronet House is now full is also a graphic example of the renaissance of the West End of Leeds which is now once again one of the most flourishing areas of the city. At the same time, the flurry of deals here within the last year demonstrates the enduring demand for mid-rent properties.

“There has been a good deal of commentary about how the Covid pandemic has led some occupiers to target high-end offices for their staff, but it is important not to forget that mid-market offices still retain their appeal. There is strong tenant demand for quality space on a budget.

“The neighbouring Regent House offers availability of 3,228 sq ft at a quoting rent of £14.00 per sq ft.

By Mark Adair – Correspondent, Bdaily

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