What does Leeds have to offer? One of most dynamic developing cities in Europe, Leeds is moving quickly to establish itself as the principal city in the North of England with an economy generating over £50bn. At the heart of this growth lies long standing ties to the financial and services sector, the 2nd largest banking centre outside of London with over 30 national and international banks based in the city. Leeds is also recognised as the top legal centre in the UK outside London.
The key to success for this city is diversification with a strong digital economy supporting over 200 media and technology companies. Hi-tech industry is also thriving in the Aire Valley Enterprise Zone, helping it to the title of the third largest manufacturing centre in the UK.
To help house the region’s 1.4m strong workforce, spectacular developments such as Bridgewater Place, standing at 112 metres high and 32 stories, have helped meet demand for high specification apartments and penthouses. This major office and residential development is Yorkshire’s tallest building, and houses 21 800sq m of office space in the lower 10 floors which is partly pre-let to law firm Eversheds LLP, and 200 apartments in the upper 20 floors, with the lower ground and basement levels devoted to car parking.
Nearby more residential options in the city centre are available with the Blue Granary Wharf and Candle House developments offering a range of studio, one bed and two bed apartments. Just south of the River Aire, New Dock aims to build a thriving waterside community with restaurants, cafes and unique shopping opportunities all on residents’ doorstep.
Further afield, families are drawn to suburbs such as Chapel Allerton, Roundhay , Adel and Alwoodley which offer wide open spaces with the countryside on their doorstep but are just minutes away from the city centre.
Leeds has an active property market, with a resilient economy and increasing investor confidence. Demand for Grade A offices in Leeds is oversubscribed, encouraging developers to invest in a number of new build schemes.
KEY RECENT DEVELOPMENTS
- £380m Trinity Leeds retail and leisure development has helped the city’s reputation as one of the UK’s leading shopping destinations.
- Work on Victoria Gate began in April 2014, a 118,000sq m development with John Lewis as the flagship store.
- The first direct Arena has brought a world-class entertainment venue to the city and has raised the profile of Leeds on the national and international stage.