This week joint venture developers Bruntwood and Kier Property celebrated the completion of 3 Sovereign Square, which was recently sold to Leeds City Council for £43.75 million.
Craig Burrow, Director of Leeds at Bruntwood commented: “The opportunity to bring this strategic piece of land forward came to us in 2011 and I’m delighted that we’ve now reached this significant milestone following starting on-site in January 2015.
“The regeneration of the whole site, including KPMG’s new home 1 Sovereign Square and the new landscaped square, has totally transformed this area of the city centre and I’m really proud of our contribution to further cementing Leeds place as a business destination.”
Tom Gilman, managing director of Kier Property (North) added: “We are delighted to have completed this scheme with Bruntwood, which has regenerated the space. We are committed to working in the area, and look forward to developing further opportunities in Leeds and across the North of England.”
The developers are delivering a turn-key fit-out for its main occupier Addleshaw Goddard, who has taken 59,756 sq ft in the 94,274 sq ft building. They will be undertaking a phased move over the coming weeks with the doors due to open in their new office at the end of November. A further 25,044 sq ft remains available across the top two floors of the building.
Retail operators have been secured for two out of the four units with a third unit under offer. The last remaining unit stands at 2,993 sq ft and overlooks the newly completed Sovereign Square lending itself to a bar/ restaurant operator.
3 Sovereign Square was designed by architects Sheppard Robson and delivered by Kier Construction.