CONSTRUCTION work is to start on the creation of a major office development.
21 Queen Street is located in Leeds city centre and will be available for occupation from summer 2013 following an extensive redevelopment and refurbishment programme.
Two floors are being added to create a total of 37,491 sq ft of grade A office space.
Nicholas King, director of Formal Investments, the company behind the scheme, said: “We are delighted to be getting under way with the exciting task of transforming this building.
"21 Queen Street will give Leeds a wonderful new centre for business. We’ve had great success with similar projects in other cities and are confident that 21 Queen Street will emulate them."
The building is being developed by investment and asset management business Formal Investments, which is providing several million pounds to transform the building.
Joint letting agents on the scheme are CBRE and Jones Lang LaSalle.
Meanwhile, the Leeds office of property consultancy Knight Frank has concluded two significant deals at the Lowfields Industrial Estate in Elland, West Yorkshire.
A 30,000sq ft industrial warehouse letting has been agreed to national pallet distributers ADD Express on behalf of Citivale Asset Management. The property is held in a fund managed by Henderson Global Investors.
The letting of a 32,000 sq ft shed to Radicon Transmission UK, on behalf of owners C and V Lloyd Property Partnerships, has also been agreed.
Yorkshire agents Michael Steel acted on behalf of Radicon and ADD.
Another development worthy of a seperate thread