Regional office investor Hillview Real Estate has signed flexible working company Wizu Workspace at its 14,000 sq ft Richmond House office building in Leeds.
Wizu, which is based in Sheffield and operates five flexible workspace sites in Yorkshire, has taken the space on a 10-year lease at £17.50 per sq ft.
Wizu will offer companies and workers serviced offices, co-working space and meeting rooms as well as additional amenities to the whole Lawnswood Business Park, where the office is located.
The business park comprises eight office buildings totalling 146,200 sq ft, which are let to 13 tenants including financial services company Equiniti, consumer bank Handelsbanken and accountancy firm BHP.
Hillview acquired the business park in December 2018 on behalf of Hillview Partners Property Fund II.
Dom Ketteringham, asset manager at Hillview Real Estate, said the site had attracted significant interest from flexible working providers.
“This lease agreement reflects the broad-based pick-up in occupational activity we are seeing across the portfolio and endorses our regional office strategy,” he said.
Tom Almas, founder and managing director of Wizu Workspace, added: “We are thrilled to acquire our first out-of-town workspace at the thriving Lawnswood Business Park in Leeds, following the rising need for flexible suburban workspace.
“We were impressed with Hillview’s forward-thinking approach and commitment to investing in the future of the park, plus our aligned vision for the workspace. We plan to make it a destination space, acting as a magnet for high-growth businesses seeking to attract top talent”.
Hillview Real Estate was advised by WSB and JLL.
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