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Tue June 15 2021

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Wates set to start on central Leeds offices

15 Aug 16 Developer MEPC has appointed Wates Construction for the next phase of a new urban quarter in Leeds.

The 3 Wellington Place development will have 110,000 sq ft of office space across five floors. There will also be a restaurant at ground floor level. The project is designed to be energy-efficient and is targeting an ‘excellent’ BREEAM rating.

The development is funded by a joint venture between Hermes Investment Management and CPPIB, which invests on behalf of 19 million Canada Pension Plan contributors and beneficiaries.

The start on site at 3 Wellington Place follows the recent completion of two other buildings in the development. Once completed, the overall Wellington Place scheme will have have a total of 1.5 million sq ft of commercial, retail, leisure and residential space.

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MPU

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