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Town Centre Securities gains approval for Leeds project

Town Centre Securities gains approval for Leeds project
Leeds has been ramping up building jobs over recent years and planning permission has now been approved for a mixed-use site.

Town Centre Securities has been given the green light by Leeds City Council to create a 600,000 sq ft development at Whitehall Riverside in the city's west end. It will include 375,000 sq ft of office space in three eight-storey buildings complete with restaurants and leisure space as well as a 500-space car park. The company is currently preparing a reserved matter application for No. 2 Whitehall Riverside, the biggest of the office blocks spanning over 207,000 sq ft.

Leeds has been making significant improvements to its city centre with the creation of the new Trinity shopping centre. This includes a number of big-name and flagship stores as well as a number of bars and restaurants and a boutique cinema.

Plans were also recently approved for the Victoria Gate retail development. This £130 million development is set to cause a major boost for employment opportunities in the city, with around 1,500 retail and hospitality jobs expected to be created and a further 2,700 opportunities during the construction phase. It is expected to be opened in autumn 2016.

The Wellington Riverside mixed-use development is worth around £40 million and is part of the Wellington Place masterplan which aims to build 13 new properties on the site of the former Leeds Central Railway Station.

Edward Ziff, chairman and chief executive of Town Centre Securities PLC, said; “We are delighted to have received outline planning consent for this phase of development which is so crucial to the long-term regeneration and vibrancy of the West End of Leeds.

"It is widely acknowledged that at present there is little or no available Grade A stock to meet occupiers’ requirements for large floor-plates and we are now able to commit to that through bringing our plans to life."

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Date: 25/10/2013 16:22:58

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