2016 TO PROVIDE ANOTHER EXCITING CHAPTER IN THE SUCCESS STORY OF No 1 WHITEHALL RIVERSIDE
20 January 2016
2015 was a tremendous year for No 1 Whitehall Riverside, underlining its reputation as arguably the finest office building in Leeds. Two major deals with business services provider FDM and Swedish bank Handelsbanken were completed, with the two companies taking 17,159 sq and 8,160 sq ft respectively.
The FDM deal, which saw the expanding IT firm take the whole of the fifth floor at £26 per sq ft on a ten-year lease, was one of the largest office deals in the city last year. The headline rent, also achieved in the Handelsbanken deal added further to the success of No 1 Whitehall Riverside.
Eamon Fox, partner with joint marketing agents Knight Frank, commented: “These were two of the most prestigious office deals in Leeds last year. There is now only 9,000 sq ft of Grade A office available to lease in this iconic 130,000 sq ft building, with other quality tenants including Grant Thornton, Arcadis, Straight, BNY Mellon, Michael Page International and Mackenzie Stuart.
Richard Thornton, director at JLL commented “The building provides wonderful floor plates immediately available in Leeds which along with the recent £150,000 refurbishment of the office entrance is reaping dividends. This iconic building offers prime Grade A space, and at a time of diminished city centre office stock, has capitalised on occupiers’ flight to quality.
“The fact that there is only 9,000 sq ft available to let fully endorses owner NFU Mutual’s investment in the building. This investment included LED lighting, which was pioneering at the time, but look at the result.
“The sheer quality and pulling power of No 1 Whitehall Riverside, with its enviable combination of low running costs, high-calibre occupiers and superb office space, means that there is a good deal of interest in the remaining space.
“Recent lettings and lease extensions in 2015, including the ground floor café The Riverside, demonstrate that this splendid building continues to meet the highest expectations of its occupiers. We trust 2016 will provide another exciting chapter in this success story,” added Mr Fox.