Property developer Town Centre Securities said the refurbishment and extension works of its flagship Merrion House building in Leeds has been completed.
The Merrion House milestone completes TCS’s £70m, ten-year development and improvement project for its largest single asset, the Merrion Centre, of which Merrion House forms a part.
The project has also been TCS’s largest development scheme and one of the largest ever pre-lets in Leeds.
The building is jointly owned by TCS and Leeds City Council under a unique long-term partnership and represents one of the biggest public and private sector partnerships agreed in recent years.
With 170,000 sq ft of office space, Merrion House will be the main city centre office base for Leeds City Council, housing over 2,100 staff when it is fully occupied later this year.
Chairman and chief executive of TCS Edward Ziff said: “The redevelopment of Merrion House and public-private partnership approach between Leeds City Council and Town Centre Securities has been hugely successful and we are proud to be assisting the council as it evolves its services and delivers significant operational cost savings.
“Merrion House forms a key part of our multi-million-pound investment and regeneration of the Merrion Centre and the wider Arena Quarter.”
TCS reported good progress in its financial half year ended December 31.