Australian company Pexa is to set up its UK HQ in Leeds as it seeks to revolutionise the country’s current conveyancing process with its world-first digital property exchange process.
It has chosen 114 Wellington Street in West Village, Leeds, for its new UK headquarters, and will collaborate with the West Yorkshire Combined Authority as it sets up its new headquarters and prepares to invest in the region and its workforce.
West Village – developed by Bruntwood as part of the £200m Bruntwood Works Pioneer programme to create cutting-edge workspaces of the future – is due to open in autumn, and PEXA has taken more than 8,100 sq ft at the newly transformed development. It intends to move in by December.
PEXA have been advised and supported throughout the process by Charles Parkinson from CBRE’s Advisory & Transaction Occupier team in Leeds.
PEXA Group MD and CEO Glenn King said the strong financial services sector in the city, with a presence from the Bank of England, Financial Conduct Authority and UK Infrastructure Bank, along with the depth of legal and professional services firms, made a compelling case for PEXA’s decision to base its headquarters in Leeds.
PEXA will engage a local design firm to curate the office fit out with a focus on sustainable products, natural light, and greenery, with a relaxed and flexible space which will take inspiration from the city of Leeds and in keeping with PEXA’s vision as a proud disrupter unlocking value in property.
PEXA launched in the UK last year, seeking to transform the UK’s 150-year-old conveyancing process, enabling digital remortgage transactions to streamline the process. Digital transactions reduce the associated time, risk, and costs in the remortgage process for consumers, lenders, and conveyancers alike. PEXA also aims to expand its product offering to sale and purchase digital transaction capability.
