South Bank regeneration Leeds City Centre

Have your say on the regeneration of Leeds City Centre!

Recently, NovaLoca have been looking into the rise of the Leeds office market. The last quarter of 2015 saw an exceptionally large growth with take up reaching 267,187 sq ft which is just a fraction below the highest quarterly take-up ever recorded in Q4 2014.

Our focus has now been drawn towards Leeds City Centre. Leeds City Council has launched a public consultation on the proposed regeneration of the South Bank area that would double the size of the city centre. The planned regeneration area is the size of 250 football pitches and the development could create 35,000 jobs and 4,000 homes.

Planned projects for Leeds City Centre include the redevelopment of Leeds train station, several new public open spaces, major leisure areas, landmark buildings and further mixed-use developments. Leeds City Council councillor Judith Blake said about the South Bank regeneration: ““This is an incredibly exciting opportunity to transform an area of our city not only into a fantastic economic driver of jobs and growth, but also an attractive place for people to live, learn, work and visit.”

Speaking at Leeds City Region’s ‘Transport Led Transformation’ breakfast panel, the chief executive of Leeds City Council, Tom Riordan said: “The last 12 months has seen the South Bank blossom as an opportunity for Leeds, but the opportunity is not just for the city but also the wider city region. At 136 hectares, an area roughly the same size as Edinburgh’s New Town, it offers the opportunity for us to create a new urban landscape and we have aspirations to make it the exemplar of 21st city design.”

You can visit the South Bank, Leeds website by clicking here and have your say!

How will the regeneration of Leeds city centre affect you? Let us know by commenting below!

To search for available commercial property in Leeds, click here!