Knight Frank reports “successful and productive” year in Leeds office

Knight Frank’s Leeds offices at Bond Court

Knight Frank’s Leeds office has enjoyed a “successful and productive year, despite the challenging economic and political times.”

Group turnover was down 2% to £517.4m (2018: £525.9m), while group profit before tax was down 11% to £148.4m (2018: £166.7m).

The company now has more than 19,000 people (up 5%) across over 500 owned and associated offices in 60 territories.

Henrie Westlake, head of the Leeds office of Knight Frank, said: “We have had a successful and productive year, despite the challenging economic and political times.

“The Leeds office is proud to have made a significant contribution to Knight Frank’s success. The Partnership understands the importance of the UK’s regional cities with a collegiate approach that helps to attract the best possible staff. I’m pleased to say our team in Leeds, across all sectors, is exceptionally strong.

“Highlights include advising Legal and General on the Funding of the £211m Government Hub at Wellington Place; the sale of the Project Vantage portfolio for Network Space for £93m: and the funding of a distribution facility at Logic for £60m on behalf of Muse. The refurbishment and letting of 33 Wellington Street to Walker Morris and the regeneration of 34 Boar Lane by Kinrise, to create superb office, retail and co-working space, were other notable successes.

“All are excellent examples of the strength and buoyancy of the Leeds occupational and investment markets right now.”

Mr Westlake added: “The outlook for Leeds has never been so positive, with the city having a real belief in itself; buoyed by unprecedented levels of inward investment. The quality of life in the city is unmatched in the country. Notwithstanding ongoing political uncertainly, there is every reason to be optimistic given the outstanding fundamentals both for the City and the Yorkshire Region.”