Leeds office scheme ready to fulfil demand

8 November 2004 10:20

Leeds, 8 November 2004 – One of the biggest speculative office buildings in Leeds city centre, representing the only scheme that can fulfil a high demand for prime accommodation over the next twelve months, is nearing completion and will be ready for immediate occupation in January 2005.

As the scaffolding comes down to reveal the stunning new building, developer HBG Properties Ltd has announced that Lateral is now watertight and internal finishing is underway. The news comes as commercial agents continue to dictate that the supply of city centre office space is unable to meet current demand and forecast a continuing shortage in prime Grade A accommodation.As the scaffolding comes down to reveal the stunning new building, developer HBG Properties Ltd has announced that Lateral is now watertight and internal finishing is underway.

The news comes as commercial agents continue to dictate that the supply of city centre office space is unable to meet current demand and forecast a continuing shortage in prime Grade A accommodation.

Considerable interest has already been shown by potential occupiers looking to upgrade or relocate within the near future. With up to 9,107 sq m (98,026 sq ft) of space available, Lateral is also high on the selection list for many national corporate firms that have recognised Leeds’ status as a centre for business excellence.

Located on Sweet Street right at the gateway to the city centre, Lateral sits at the centre of the new developing business district on the south side of the river. The scheme comprises five storeys of flexible office space in two rectangular buildings brought together by a communal double height glass atrium. Each floor features secure access and high ratio parking is provided in the basement.

Ian Pennington, regional director of HBG Properties comments: “We are delighted to be nearing completion on a speculative scheme that demonstrates our confidence in the Leeds office market. Lateral offers a unique proposition for occupiers seeking large floor plates of up to 20,000 sq ft. that is still situated in a prominent city location.”

Lateral was recently awarded the highest possible scoring for environmental excellence due to its location, build techniques and environmental benefits to occupiers. Further information can be obtained from commercial agents, DTZ and Hill Woolhouse in Leeds.

For further press information/photography please contact:

Alan Smith, Public Relations Department, HBG UK Ltd on 020 8338 2635 or asmith@hbgc.co.uk