A joint venture partnership between Asset Capital and Prescient Capital last year purchased Wellington Plaza, a 1980’s former HQ building on Wellington Street.

Planned building on Wellington Street

The partnership has confirmed it will now deliver the 77,000 sq ft office project speculatively with a start on site by early 2024.

This transformation of one of the last remaining standalone gateway sites in the heart of Leeds’s West End business district is currently the only pipeline scheme of its calibre in the city centre to start on site in 2024.

Existing Wellington Plaza building frame will be retained and extended to create new 8-storey grade A office building

Designed by Leeds-based DLA Architecture, the approved plans will see the existing four-floor office building frame retained and extended upwards by a further four floors. M&E designed is provided by Bradford consultant Thorley Lumb.

A total redesign of the buildings’ façade is influenced by the local conservation area and ESG credential targets including BREEAM Outstanding, minimum NABERS 5 Star, Fitwell 3 Star and Wired Score Platinum Certification.

Communal spaces will include a large roof top terrace, sky lounge, and business lounge.

Daniel Newett, CEO at Asset Capital, the developer, said: “We are delighted to secure planning consent to redevelop this important building in Leeds city centre that has lain vacant for some time now.

“We are very much repurposing an existing building, in line with our commitment to reducing our carbon footprint, to provide an inspirational, collaborative, sustainable and futureproof working environment that is worthy of a leading European city for business.”