MEPC has appointed Wates Construction to begin work building 3 Wellington Place – the next phase of the urban quarter in Leeds city centre – which will offer 110,000 sq ft of prime office space and is due to complete at the end of 2017.
Wellington Place - a landmark development located in the centre of Leeds just minutes from the railway station and city centre - is funded by a joint venture between Hermes Investment Management, the £24.1bn manager and CPPIB, a professional investment management organisation that invests on behalf of 19m Canada Pension Plan contributors and beneficiaries.
3 Wellington Place is located at the junction of Wellington Street and Northern Street, close to the A1 (M) inner ring road and will form the principal north-eastern gateway into Wellington Place. The building will house five floors of office space, offering state-of-the-art facilities and a restaurant café lounge at ground floor level. The energy efficient project is set to achieve an Excellent BREEAM rating.
Once completed, the scheme will boast a total of 1.5 million sq ft of commercial, retail, leisure and residential space and will be one of the biggest and most prestigious new city centre business quarters in Europe.