Our commercial transactional agency team at our Manchester office has recently provided expert advice to an international education firm around acquiring new space in Leeds in one of the biggest office deals in the city this year.
We acted on behalf of Study Group, advising the tenant around taking a new lease and acquiring 19,000 sq ft of high-spec office space on 8 Park Row in a five-year lease following a move from Wellington Place.
It will now become the new home of The Leeds International Study Centre (ISC), where international students can progress on to the University of Leeds.
8 Park Row had undergone a significant programme of, including the creation of a business lounge and upgraded end-of-journey amenities, bike storage and showers.
The Study Group is an international education specialist and strategic partner to more than 50 universities around the world and is working with Leeds Beckett University to provide additional education resource for students at the university.
The site’s location and easy accessibility for students made it desirable and provides the type and size of accommodation needed to meet the university’s requirements.
Partner, David Laws, said: “Following an extensive evaluation of options within Leeds city centre, 8 Park Row emerged as the perfect choice to meet the operational needs of the International Study Centre.
“The relocation from Wellington Place, Leeds, will enable students and staff to occupy a prime city centre location in a recently refurbished building that provides excellent amenities and flexibility. The new facility will continue to support students progressing to the University of Leeds.”
Property consultancy Knight Frank acted for the landlords in the deal.
Eamon Fox, partner and head of development at the Leeds office of Knight Frank, commented: “This letting is a ringing endorsement of the quality of 8 Park Row, one of the most elegant buildings within the professional core of Leeds. A comprehensive refurbishment inside has created an attractive contemporary office environment, while retaining the best original features.
“8 Park Row is located on Park Row and is within five minutes’ walk of Leeds Station. Park Row is also a bus thoroughfare, so many services are available within a short walk of the building. Leeds is located at the head of the M1 motorway and has easy access to the M62 and A1 routes.”
