New property deal ensures full occupation at Leeds building

Wilton Developments has secured a deal to business banking claims specialist, All Square Finance Ltd, at its 10 South Parade (10SP) development, ensuring full occupation for all of its three city centre buildings.

This latest deal sees All Square take the 2,050 sq ft ground floor of the flagship 10 South Parade building, providing its own dedicated entrance opposite the popular San Carlo restaurant, on a five year, £24.00 per sq ft, lease.

The deal swiftly follows the final suite at Wilton’s 2 Bond Court being snapped up by Turleys and the company’s new acquisition, St Martin’s House, also being fully let to Lyons Davidson Ltd.

Jason Stowe, managing director from Wilton Development, said: “The fact that all of our city centre developments are now fully let is testament to the quality of the space and the strength of the Leeds market.

“Both Bond Court and 10SP underwent extensive refurbishment to ensure the business space was of a quality that their prominent locations commanded and this strategy has paid off.

“We recently acquired St Martin’s House, which is leased to a tenant with a good covenant, and we continue to assess a number of other city centre acquisition opportunities.”

Situated in the heart of the Central Business District, 10 South Parade was acquired by Wilton Developments on behalf of East Parade Ltd five years ago and, following its Grade A + remodelling, the finished scheme secured a prestigious award from the British Council for Offices.

It is home to quality tenants such as Lockton Insurance, Odgers Berndtson, 3volution and Xafinity Consulting.

Acting on behalf of Wilton Developments, Elizabeth Ridler, partner at Knight Frank, said: “We’re delighted to have assisted Wilton Developments in securing full occupancy at both 10SP and 2 Bond Court.

“Both buildings were fully refurbished to a very high quality and this, coupled with their prominent locations, have proved popular, securing a range of strong tenants.”

The joint agent was WSB.

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10 South Parade, Leeds

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