BAM Properties secures planning permission for Leeds West End office development
Hemel Hempstead, 8 February 2011 - BAM Properties has secured planning permission for an 115,000 sq ft seven-storey commercial office development in the West End of Leeds which will be known as Latitude Blue.
The developer will offer the 115,000 sq ft seven-storey development to the market on a pre-let basis, and will configure the interior layout and specifications on a bespoke basis for the prospective occupier.
BAM Properties Development Director, Michael Smart, says: ‘This will be a high-spec development, designed and built to achieve a BREEAM ‘Excellent’ rating to deliver energy efficiency and low running costs. It will have everything you would want from a prime development in the heart of a thriving international city but at a lower cost than you would expect.
‘There are two outstanding features: flexible floor layouts that can be specified by the future occupier, and a raft of energy efficient features.
‘Construction can commence almost immediately following agreement with a prospective occupier. This flexibility is possible because the design work is being done by BAM Design and the 18-month build will be undertaken by BAM Construction who, along with BAM Properties, are part of BAM Construct UK.’
This is BAM Properties’ third office development in Leeds. Lateral its 96,000 sq ft office close to Leeds City Centre was sold in 2005 to Oregan financial Services, and an earlier 121,944 sq ft development in the West End, Latitude Red, was sold in 2007 to IVG.
The agents for Latitude Blue are BNP Paribas Real Estate in Leeds.
BAM Properties is a leading player in the UK property development market. It specialises in sustainable, high-end developments in the commercial and retail sectors. It is the commercial property development arm of BAM Construct UK Ltd, a major construction services company with a turnover exceeding £1 billion a year, which also engages in construction, design, and facilities management. Its parent company is Royal BAM Group, a worldwide construction services company turning over approximately €8 billion and listed on Euronext Amsterdam.
With staff based in offices throughout the UK, BAM Properties’ key strength is its nationwide reach combined with the detailed local knowledge of the market.
BAM Properties has developed over 2.5 million sq ft over the past 25 years.
Further information: Mark Slattery, Press and Media Manager, BAM Construct UK Ltd, 01442 238415.