Mipim 2017: Leeds seeks expressions of interest for major development site

Leeds City Council has called on developers and investors to register their interest in developing a 1.12 hectare site in the city centre formerly home to the International Pool.

Located in the heart of the city’s business district in the West End, and adjacent to the emerging plans for the Innovation District, the site has the potential to accommodate up to five building plots offering in excess of half a million sq ft of business led space, brought together through significant public realm investment.

Speaking at Mipim, Cllr Judith Blake, leader of Leeds City Council, said: “Leeds is a rapidly growing vibrant city with a powerful and resilient economy at the heart of the Northern Powerhouse and one which has worked hard to deliver a 40% growth rate over the past decade.

“The Lisbon Street site sits in a prime position amongst many of the city’s top legal, financial and professional services employers, which makes it a hugely desirable development space. It would be ideal for grade A office space and high-end hotel operators looking to cater for this growing professional market and the ever increasing numbers of visitors to the city.” 

Mixed-use development

The authority intends to attract investors interested in pursuing mixed-use development. This might include grade A office, residential, retail, leisure and high-quality hotel space, to service the city’s growing business and visitor economy.

Leeds is gauging developer ambitions for the site as a whole or in separate lots, and is looking for high-quality signature buildings of up to 20 storeys, with the provision of significant public realm extending to nearly 40 % of the footprint, creating a new destination for the West End of the city.

The announcement is the latest in the continuing development of Leeds city centre, which saw record levels of completions in 2016, and the joint highest levels of new schemes starting since 2007. Over 713,000 sq ft of office space completed last year with much pre-let, alongside nearly 600,000 sq ft of retail space, more than double Leeds’ annual average.

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