MEPC, one of the leading British-based property investment and development, has revealed plans to commence with phase 2 for the expansion of this major city centre.
The extension of Wellington Place will provide innovative commercial development, which will be a massive asset to the city of Leeds.
Due to the planning permission granted by Leeds City council, Wellington Place is set to become the largest premises in the city centre, bringing up to £600 million into the city.
Aside from this considerable investment, Wellington Place will also seek to employ over 16,000 workers across a variety of sectors. owners MEPC are looking at a new era of growth, which will not only increase employment rates but also allow new residential lots in a fast-developing city.
Currently, 30+ large-scale businesses reside in the Wellington Place such as HMRC, Sky Betting & Gaming but permission for the development of 6 further plots will allow the current 860,000 sq ft to reach its full commercial potential in both retail and office space.
MEPC will be a significant factor in recruiting other large-scale businesses with the persuasions of having plots that’s frontage is towards the River Aire.
However, MEPC hasn’t neglected the residential side of the development with the housing addition of over 200 housing units which consist of one, two, and three-bed apartments all stacked together in a modern communal structure.
Along with the 250,00 sq ft of housing, the masterplan also will include a 230 bedroomed hotel with the inclusion of a multi-storey car park with up to 500 spaces.
As a company, MEPC has used a range of interactive, high-tech walk-throughs on their website to display a virtual tour of their current available spaces. These interconnecting walk routes also merge within the community, allowing it to be more of open public space. Nearby destinations include Viaduct square, with a riverside walk open to pedestrians.
The masterplan kicks off with the construction of 12 Wellington Place, with construction predicted to begin early 2020.
Out of all new buildings, Wellington Place will be the tallest with the development being ten stories high. It will provide a range of office, retail and leisure space. The futuristic décor offers an open plan for any business to start a competitive work environment. The scenery of nature allows an interconnecting route that merges within to give the illusion of a high-quality public realm.
Paul Pavia, Head of Development at MEPC, said: “It’s fantastic news that we’ve been given approval for the updated plans for the second phase of the Wellington Place development. The site has already had such an incredible social and economic impact on the Leeds city region, with an investment of over £300 million to date and almost 5,000 people already working at the development. We can’t wait to extend the excellent facilities making a transformational change to peoples work/life balance focused on wellbeing animating the ground floor and rooftop spaces to benefit the Wellington Place customers and the surrounding community.
“The response we’ve received on the Wellington Place development has been incredible, and we’re proud that we’ve played a major role, and acted as a catalyst, in the ongoing regeneration of the West End of the city. Phase two is the next step in creating a multi-use hub – providing a mix of office, residential and leisure space.