12 King Street is fully occupied by occupiers such as Lloyds Bank and Azets, among others
A major Leeds city center office building is on the market following a major refurbishment that has been made “effectively build new “. 12 King Street is said to be one of the best office properties in the city, and agents Knight Frank and CBRE are now looking for buyers.
The leased building is owned by Opus North and Fiera Real Estate UK. Hopes for nine national and international companies include Lloyds Bank Plc, NM Rothschild & Sons Ltd, Azets and Endless.
Just a stone’s throw from Leeds Station, the property has been completely rebuilt and brought back to its structural frame with the addition of a 7th floor. It now comprises 52,237 sqft of Grade A office accommodation over the basement and 7 floors above, together with private terraces on the 1st and 6th floors, with the 7th floor containing a communal terrace of 3,875 sqft.
Beneath the building are 12 secure parking spaces, eight of which have EV charging points, along with a cycle and fitness spa with drying rooms and showers. The reception provides a business lounge for the use of tenants.
Graham Foxton, investment partner with Knight Frank in Leeds, commented: “This is an excellent opportunity to acquire one of the best office buildings in Leeds, with a host of premier tenants in a prime location. The asset’s technology and green credentials rival the best buildings in the country, including EV charging, low water use, a Platinum WiredaScore and an efficient energy management system.”
He added: “We have not seen activity in the Leeds capital market for many years, with the last transaction being Central Square in 2024.”
Henry King, director at CBRE, added: “There is very little in the way of prime space being built in Leeds and as a result, occupiers looking for best-in-class accommodation are facing increasingly limited options. Headline rents in Leeds have now reached £52.50 per sq ft with growth expected going forward. This is a great opportunity to drive performance.
Chris Button, head of investment management at Fiera Real Estate, commented: “We are proud to bring 12 King Street to the market, a landmark office investment that exemplifies the standards of quality and sustainability increasingly demanded by occupiers and investors alike. market.”