NFU Mutual signs HIVE in Leeds
20 January 2016
HIVE has taken the space on a 10-year lease in the office building in Whitehall Road by the banks of the River Aire. Eamon Fox, partner with global property consultant Knight Frank in Leeds, who are marketing the No 1 Whitehall Riverside, said: “The arrival of HIVE is a resounding endorsement of the quality of No 1 Whitehall Riverside and its occupiers. It should prove to be an excellent facility, serving the thriving West End and South Bank of the city.” Entrepreneurs Andrea Bethell and Roddy Dilasser have joined forces with chef and high street food retailer Ian Kendrew to run HIVE.
Fox explained: “No 1 Whitehall Riverside has established an enviable reputation as one of the finest office buildings in Leeds. Occupiers include Aviva, Grant Thornton, Bond Dickinson, Handelsbanken, Michael Page International and IT consultants FDM. Rents in the region of £26 per sq ft reflect the quality of the development.
“There is now only 2,507 sq ft of Grade A office space available to lease on the fourth floor in this iconic 130,000 sq ft building, which can be adapted to the needs of occupiers.
“The building provides some of the largest floor plates 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 2,507 sq ft available to let fully endorses owner NFU Mutual’s recent 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, including the arrival of HIVE, demonstrate that this splendid building continues to meet the highest expectations of its occupiers. We trust the next few months will provide another exciting chapter in this success story."
Tom Foley of landlord NFU Mutual said: “Having worked with the team at HIVE throughout the past few months I am delighted to welcome them to the building to provide an exciting new amenity for our tenants. The service they provide is ground breaking in Leeds and I am looking forward to seeing the growth of their delivery service throughout the local business network. “Securing HIVE so quickly after the previous tenant vacated reinforces No 1 Whitehall Riverside’s position as one of the most prestigious buildings in the Leeds city core,” he said.
Richard Thornton, of joint letting agents JLL, added: “With the arrival of HIVE No1 Whitehall Riverside provides a great all round offer and is testament to its success with the very recent letting to Aviva.”