UBS & BNP Paribas agree Minerva Leeds deals

Posted on 16 March, 2015 by Cliff Goodwin

The multi-million pound upgrade of twin Leeds office blocks is paying dividends for a city based developer with two more prestige businesses agreeing to take space.

UBS-and-BNP-Paribas-agree-Minerva-Leeds-deals

Agents CBRE and Jones Lang LaSalle are about to negotiate the lease of the final office space within the recently refurbished 30,568 sq ft Minerva building after  property firm BNP Paribas and global financial services company, UBS, agreed deals on more than 4,000 sq ft.

Evans Property Group’s (EPG) investment in Minerva and its neighbouring office building, Capitol, forms part of the £20m transformation of the Bond Court area of Leeds city centre. Work will start shortly on the construction of a 90-bed, four-star hotel.

“We were confident that the time was right to deliver this new Grade A space as supply is so severely limited in core locations within the city,” explained Alan Syers, portfolio director at EPG. “We are delighted to have attracted and retained such high-profile occupiers and at how quickly the space has been snapped up.

“The current status of supply and demand in Leeds means that the interest in the recently launched Capitol is also attracting significant interest and we are set to emulate the success of out Minerva buildings.”

UBS has taken a ten-year lease on 2,500 sq ft of Minerva’s 8th floor and BNP Paribas has relocated from the neighbouring Capitol office block into a 1,600 sq ft first floor suite on a five year lease.

Since the completion of the Minerva upgrade last autumn, law firm Gateley has taken 7,500 sq ft of space on the 8th and 9th floors with existing tenant, technical recruitment agency CDI AndersElite, moving into a larger suite in line with the firm’s continued expansion.

Alex Hailey is associate director of office agency at CBRE. “The high quality finishes, the prime location and the ability to split floors to provide suites from 1,500 sq ft upward have all contributed to Minerva’s success,” he admitted.

“We are now looking forward to welcoming more discerning occupiers to what we believe is one of the best quality buildings in the city in the near future.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants