£350M TEMPLE DEVELOPMENT GETS UNDERWAY IN LEEDS

Work has started on site this week on CEG’s flagship Globe Point development within the Temple district of Leeds.

BAM Construction has moved onto site to deliver the 37,800 sq ft seven-storey building on Globe Road. Responding to occupiers’ expectations and the new ways of working, Globe Point will deliver some of the highest quality workspace in the city, with ground floor break-out space, business lounge and café kitchen.  Ready for occupation in spring next year, it will provide flexible workspace for up to 400 people.

John Phillips, Regional Director for BAM Construction North East, said: “Globe Point is going to take advantage of our knowledge and experience and also smart construction techniques like off-site solutions to help us work safer and around the logistical challenges of Leeds city centre. We’ll be involving a lot of local companies to create this superb working environment which will be a great testament to the commitment CEG is making in the local economy.”

Designed by award-winning architects, Feilden Clegg Bradley Studios, Globe Point offers spectacular views across the city from roof terraces on the top two floors and innovative outdoor plazas. The building will also raise the bar in terms of quality, occupant wellbeing and sustainability.

SMART Technologies will be used to control and drive energy  performance. Sensors monitor air quality and adjust air flow while still optimising energy efficiency. All-electric, it will use 100% REGOS green energy and is designed to reduce water consumption. Secure cycle parking, showers and lockers and access to electric vehicle charging points will help occupants make sustainable travel choices.

Targeting BREEAM Excellent and EPC A. Globe Point has also been independently accredited as WiredScore Platinum, something only 10% of buildings worldwide have achieved. This means it will support tenants with best-in-class technological capacity, internet and mobile connectivity, infrastructure resilience and future proofing.

Nick Lee, Development Director of CEG, explained: “Globe Point displays our confidence in the office market and the city. Companies which have been reticent to commit earlier in the pandemic are now becoming more active in real estate decision making and we’re already in active dialogue on a number of enquiries. Healthy, flexible space and lease terms, and the opportunity to not face up front fit out costs, makes Globe Point all the more desirable.”

Fox Lloyd Jones and Knight Frank have been appointed to market the building.

Paul Fox of Fox Lloyd Jones said: “The dedicated Temple Life team on site will ensure exemplary levels of service and wellbeing for its occupants unlike no other. It’s an iconic gateway building with a truly unrivalled design and specification catering to requirements from 1,920 – 37,800 sq ft. The commitment to speculatively build is testament to CEG’s commitment to Leeds and the strength of the office market where stock remains at an all-time low.”

Eamon Fox, Partner and head of office agency at the Leeds office of Knight Frank, said: “At Globe Point, we are also able to offer a new approach to leasing, not only traditional leases, but also a core and flex approach.  Business cycles have become shorter, and often decision making happens quicker than ever before, we offer options to lease the optimum level of space day one, with choices to expand when the conditions are correct for our customers. We can custom a leased solution, so that a business can be cost neutral when moving to Temple. This customer-focused approach means the customer can concentrate on their business rather than their space, providing a more productive, frictionless service.”

Tom Riordan, chief executive of Leeds City Council, said: “The plans for Globe Point are very impressive indeed – this promises to be a landmark development in one of the city’s most exciting areas. It’s gratifying to see energy efficiency and other environmental considerations playing an important role in the building’s design, along with tech capacity and internet connectivity.

“A project of this scale and ambition is a major boost for our efforts to deliver increased job opportunities for people across the city through the regeneration of Temple and the wider South Bank.”

Ultimately, within the  Temple district, CEG, alongside Leeds City Council, is bringing forward further development with the potential to provide some 4 million sq ft of high quality accommodation. CEG is also working closely with LCC, the British Library and Historic England to secure the historic Temple Works as its cultural centrepiece. 

Undoubtedly, this part of the city, which was historically the cradle of the industrial revolution, is now a focus for commerce. Offering a new way of living and working, it continues to play a vital role in Leeds’ future economic and social well-being.