Sainsbury’s is to open a Sainsbury’s Local store on the site of the old Peel Hotel on Boar Lane in Leeds. The retailer has rented 4,400 sq ft of retail space at Trinity Square, a new development by the Oakgate Group. Wetherby-based Oakgate has bought the historic and listed 20,000 sq ft building at the corner of Albion Street for £2.8 million from TCGT Holdings of Guernsey. Oakgate managing director John Grantham said: “This is a pearl of a building which is receiving some tender loving care. Our motto is ‘Breathing Life into the City Centre’ and this is just what we are doing. We are creating state-of-the-art retail units, which will be ready for occupation by this summer after a £1m refurbishment. Overall there are five retail units, with four still available to lease on two floors. The square footage of the remaining units ranges from 350 sq ft to 12,000 sq ft, with potential for two-level trading.
“Trinity Square sits between the two entrances into Land Securities' major retail scheme Trinity Leeds and our development will complement it, creating a high-quality retail quarter in the centre of Leeds.”