20th July 2020
Specialist real estate lawyers at Walker Morris have advised property developer City Square Developments Limited, a Rushbond group company, on one of the largest Leeds office deals of the year, involving the historic Majestic building.
Law firm Knights Plc is taking more than 20,000 sq ft over two of the six floors within the newly redeveloped Majestic building, which will also become the location for Channel 4’s new national HQ.
Knights Plc will be one of the first tenants to occupy the landmark building, which has been comprehensively refurbished by Rushbond. The transformation of a site which has been both a cinema and a nightclub, is due to be completed next month with Channel 4 taking the top three floors. Meaning only the ground and lower ground floors equating to 17,000 sq ft, remains in the landmark building.
Will Cousins from the Walker Morris Real Estate Group led the Walker Morris team with support from Tom Peel (Construction) and Hannah Levy (Real Estate).
Commenting on the deal Will Cousins said:
“The Majestic is a significant building in Leeds city centre and its redevelopment has attracted widespread interest. This is a major letting and is very positive not only for our clients, Rushbond, but also for the future of this historic landmark and the city as a whole.
I’m delighted we were able to successfully complete the deal, which was done in a tight timeframe. This latest letting combined with the letting to Channel 4, on which we also advised, further demonstrates Rushbond’s ability to turn interesting and distinctive buildings into exciting and creative workspaces.”
Richard Baker, from Rushbond, added:
“It is very exciting to announce this significant office deal, especially in this difficult climate. As the building nears practical completion, it is time to look forward to a brighter future for the city of Leeds. Creating much-needed Grade A office space in the heart of the city is our way of supporting the city’s economy.”