Friday, September 24, 2021

It’s a hat-trick – Leeds office tower secures three new occupiers

The Leeds office of property consultancy Knight Frank has advised on three new lettings in Q2 2021 totalling over 10,000 sq ft at The Pinnacle in Leeds, Yorkshire’s tallest office tower.

The new lettings include 5,100 sq ft of Grade A office space taken by a global recruitment company on the 12th floor, and 5,100 sq ft of Grade A office space taken by Support Warehouse, who provide IT support services for Hewlett Packard, on the 19th floor.

The leases were signed at £23.50 psf, reflecting record rents for the tower. These lettings highlight the continued strength of the Leeds office market, which continues to attract leading national and global businesses to the city, and suffers from a lack of available high-quality office space.

Eamon Fox, partner and head of Knight Frank’s office agency team in Leeds, said: “We are delighted to have concluded these three quick lettings at one of the city’s most popular office buildings. Prominently situated in the heart of Leeds city centre on the pedestrianised Albion Street, The Pinnacle is a landmark building, which is ideally located between the city’s historic professional core and the amenity-rich retail quarter.”

The Pinnacle was acquired in 2018 in a joint venture between a fund advised by Brockton Capital and Dunedin Property.

Fox Lloyd Jones act jointly with Knight Frank as office leasing agents on The Pinnacle.

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