M&S signs up for a place in Central Square

M&G Real Estate, one of the UK's largest property investors, alongside its development partner Marrico Asset Management, has reached practical completion at its 217,810 sq ft Central Square office development in the heart of Leeds.
M&G Real Estate, one of the UK's largest property investors, alongside its development partner Marrico Asset Management, has reached practical completion at its 217,810 sq ft Central Square office development in the heart of Leeds.
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MARKS & Spencer has become the latest corporate brand to find a home inside one of the biggest speculative office developments in Yorkshire.

M&G Real Estate, one of the UK’s largest property investors, alongside its development partner Marrico Asset Management, has completed its 217,810 sq ft Central Square office development in the heart of Leeds.

A spokesman for M&G said: “Two new deals have been secured for the ground floor, including Marks & Spencer, which will occupy a 4,696 sq ft store on a 15-year lease and European-style coffee house brand, Caffè Nero has taken a 1,733 sq ft unit on a 10-year leases.”

The scheme’s anchor tenant PwC, which has signed a 15-year lease for 49,621 sq ft, moved 750 staff into the building last week.

They will be joined by accountancy professional services network, RSM, which has signed a 15-year lease for 25,424 sq ft and will relocate 350 of its staff to its new office in June 2017.

Sam Jones, Asset Manager at M&G Real Estate said: “Central Square will deliver much-needed high-quality office space in Leeds. Following practical completion, we are pleased to announce our first two lettings for the retail and leisure space on the ground floor. We expect the new state-of-the-art offices and associated amenities to attract further tenants and contribute to the creation of a new city centre destination.”

Mark Barnes, Managing partner at Marrico Asset Management said: “ Without doubt Central Square is a ‘City of London’ building, which is a market leader both in terms of scale and the exceptional quality of finishes adopted throughout.

“We worked closely with PWC to design an iconic building that met their requirements.”

Dean Turner UK economist at UBS Wealth Management

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