Green light given for BAM Properties Leeds West End office development
Hemel Hempstead, 24 November 2015 - BAM Properties has secured planning permission for Latitude Yellow its £70 million office development in the West End of Leeds. The fully glazed contemporary ten-storey building with an impressive double height colonnade fronting Wellington Road will comprise157,000 sq ft of Grade A office space with floor plates of 16,759 sq ft. The basement will provide parking for 69 cars plus 92 bike spaces. The scheme is initially being offered on a pre-let basis at a quoting rent of £24.00 per sq ft, which will allow early occupiers to influence the interior specifications and finishes of their space.
BAM also has planning permission on its five acre Wellington Road site for Latitude Blue, a 119,000 sq ft seven-storey office building, Potential occupiers with a requirement for substantial space and larger floor plates will have the option of considering the two buildings.
BAM Properties northern development manager, Paul Smith, said: ‘The recent upturn in take-up in the Leeds office market was behind our decision to take Latitude Yellow to the next stage. There is currently a high level of demand for quality office space in the market and we believe these two buildings will provide everything cutting-edge companies are looking for in Grade A office space in the heart of a thriving international city. These high-spec office schemes are designed to achieve a BREEAM ‘Excellent’ rating, with a raft of energy efficient features that will deliver outstanding buildings for occupiers and contribute to lower running costs.’
The projects will be built by North East division of BAM Construction which is based in Leeds, and has delivered many successful projects in the City including the First Direct Arena in the City centre.
BAM Construction and BAM Properties are part of Royal BAM Group.
The joint letting agents are BNP Paribas Real Estate and Cushman & Wakefield.
The first phase of the Wellington Road scheme Latitude Red, a 121,944 sq ft office building, was sold to IVG in 2007.