Northern Group has completed the acquisition of Sovereign House in central Leeds, marking its first expansion outside Greater Manchester. The Grade II listed building occupies a prime corner on South Parade, Park Row and The Headrow, positioning it within the city’s main commercial and leisure area.
Originally constructed for The Bank of England, Sovereign House has undergone a £1.8 million investment to transform it into a mixed-use site. The property features a multi-level leisure unit spanning approximately 16,000 sq ft, currently occupied by a dual Flight Club and Electric Shuffle venue. The upper floors offer modern Grade A office spaces available in CAT A and fully fitted options.
The purchase signals Northern Group’s move to strengthen its presence across major northern cities and reflects growing confidence in Leeds’ property and business markets. The company said the location offers significant long-term potential for value creation due to its proximity to the city’s retail and leisure hubs.
Northern Group’s recent portfolio growth includes assets such as 76 King Street, 19 Spring Gardens and Sir William Siemens House in Manchester, alongside residential developments in Ancoats. The Leeds acquisition extends its focus on delivering design-led commercial and mixed-use spaces across the North.
