The building and project consultancy Paragon has been appointed by investment asset manager APM, to lead a multi-million-pound Leeds city-centre refurbishment.
Named 1 City Square, the 108,000 sq ft 11-storey building is located next to Chanel 4’s new headquarters and opposite Leeds train station.
APAM acquired the property for £32.3 million in January of this year on behalf of the Danish pension fund investment company, Britannia Invest; current occupiers include multinational accounting firm Deloitte, which has more than 50,000 sq ft of space.
A Paragon team consisting of Director James Onions, Associate Director Keith Quigley and Senior Cost Manager Andrew Kehoe, have been leading the refurbishment project as part of a full remodelling of the atrium and main entrance and refurbishing five of the storeys.
Commenting on Paragon’s appointment, APAM senior asset manager, Peter Owen, said: “We are committed to revitalising this prestigious office address in Leeds. Paragon was an ideal choice for the project and cost management role due to the consultancy’s dynamism and commercially astute approach.
“We look forward to bringing more much-needed Grade A office space to the booming Leeds market in 2020.”
Based in both London and Manchester, APM has invested more than £1 billion on behalf of its partners and currently manages £1.5bn worth of assets across the country.