Major office pre-let at Thorpe Park Leeds

Scarborough International Properties Limited (SIPL), the UK and international real estate developer, and its joint venture partner Legal & General, have announced that they have pre-let two floors at Lumina, their Grade A office development, which is being delivered as part of the £162m phase two development at Thorpe Park Leeds.

Pharmacy2U Limited, the UK’s largest1 NHS approved online pharmacy which also provides a confidential private online doctor service, has taken a 10-year lease on the whole of the second and third floors at Lumina, totalling 15,770 sq ft, commencing on completion of the development.

Lumina provides 35,850 sq ft of Grade A office space and128 car parking spaces. The balance of 20,080 sq ft of offices on the ground and first floors is available at an asking rent of £23.50 per sq ft.

Construction of the new building is underway and is due to complete in September this year (2019). Letting agents are BNP Paribas Real Estate, Cushman & Wakefield and JLL. Holder & Co. acted for Pharmacy2U.

In September last year, SIPL and Legal & General announced the completion of letting at their first, Phase Two, speculative office building, Paradigm, which offers 31,650 sq ft of premium office space and 122 car parking spaces. Tenants there include Wates Construction (10,275 sq ft), Pure Retirement (12,575 sq ft), EP UK Investments (6,250 sq ft) and Renew Holdings (2,550 sq ft).

Paul Holcroft, director – asset management at Scarborough International Properties, said: “Innovative businesses like Pharmacy2U are attracted to a business environment at Thorpe Park that sets the standard for the future. The Park is well supported with excellent shopping provided by the newly opened shopping centre, The Springs; has superb amenities including extensive green open space; and is close to homes and has excellent transport connections.”

Rachel Dickie, head of Urban Regeneration at Legal & General Capital, said: “A pre-let of this size demonstrates that strong market confidence remains in the Yorkshire region and at Thorpe Park Leeds, confirming our vision to create places and spaces where people want to work that is on par with the city centre.”

Mark Livingstone CEO of Pharmacy2U, said: “We’re using technology to reinvent pharmacy, providing more convenient access to repeat prescription medicine. To do this we use the best facilities to continue to supply award-winning care for our patients, and Thorpe Park is an opportunity to take our offer to the next level. We’re proudly a Leeds-based operation and we’re really looking forward to moving 170 employees into the Lumina building at the most convenient opportunity.”

 

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