Saturday, May 30, 2020

B38 move to Wakefield’s Merchant Gate amid city’s renaissance

Property support services company B38 Group has taken a five-year lease at the Merchant Gate mixed-use development in Wakefield in a deal brokered by Knight Frank.

The lease is for 6,683 sq ft sq ft of quality Grade A space at No.2 Burgage Square.

Knight Frank advised landlords, The English Cities Fund, which is a joint venture partnership between Muse Developments, Legal & General and Homes England.

Merchant Gate includes Grade A office buildings, prime retail and leisure facilities, 66 residential flats, a new public square, along with a 1,500-space multi-storey car park and a new college for performing arts, which is due to be on site early this year.

In addition, Merchant Gate is home to Wakefield Council’s civic offices, library and museum at the award-winning Wakefield One. The office development is now full.

Sam Jamieson of Knight Frank in Leeds said: “Merchant Gate, and strategic schemes like it in the city, is changing people’s perceptions of Wakefield.

“The city, benefitting from substantial investment, a proud history and an excellent location, is no longer in the shadow of its larger neighbour Leeds.”

The offices at Merchant Gate are 1 Burgage Sq, 2 Burgage Square and Emerald House. Emerald House is let to HM Courts & Tribunals Service.

James Scott, Development Director at The English Cities Fund, said: “the Leeds office of Knight Frank was appointed alongside the Leeds office of JLL to market the remaining space at Merchant Gate, because of its enthusiasm and superb track record.

“The English Cities Fund is delighted to be able to welcome B38 Group to Merchant Gate, with Knight Frank’s experience and expertise proving invaluable in securing this letting,” he added.

B38 Group is moving from Denby Dale Road on the outskirts of Wakefield following several substantial contract wins.

The Leeds office of property consultants JLL are the joint marketing agents for Merchant Gate with Knight Frank.

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