Martley Capital Group has agreed terms with workspace provider x+why to occupy 33,990 sq ft at Bridgewater Place in Leeds.
The company will occupy the first, second and ninth floors of the 30-storey mixed use tower on a 10-year agreement.
In addition to workspace, x+why will also operate the building’s new 5,000 sq ft roof terrace and the new reception and coffee bar.
Martley purchased the tower in 2022 and has raised £35m to carry out a complete refurbishment of the building.
Rupert Dean, CEO and co-founder of x+why, said: “We are building a national infrastructure of cutting-edge workspaces, designed to combine hospitality, design and sustainability, ensuring every city we enter is equipped with spaces that set the standard for the modern workforce. We plan to be in every gateway city in the UK, and want to be in the best buildings and locations, and so are thrilled to be launching in this exciting location in Leeds.
“We believe in creating a single hospitality platform across all amenities in offices to provide best in class tenant experience, and creating inspiring, sustainable spaces that not only support businesses but contribute meaningfully to their local environments and support what the office is all about today.
“We are passionate about driving impactful change with our spaces, and can only do so as a result of strong and transparent relationships with our landlords, so we are delighted to be working with the fantastic and forward thinking team at Martley on Bridgewater Place. Crucial to us is a shared vision for the future of work, sustainability and the role of amenity. We love Martley’s vision for the space and their commitment to re-imagining an existing asset in a highly sustainable way, which is a core value for our business.”
Jack Thoms, executive managing director, real estate at Martley Capital Group, added: “We are delighted to be working with the team at x+why at Bridgewater Place to bring their dynamic offering to the building. Their innovative approach to workplace environments will set a benchmark in Leeds, with every aspect of the building serving not just as an office but as a destination, reflecting the evolving needs of local businesses
“We believe that the vibrancy that the refurbishment of the atrium and common areas will bring, together with x+why being highly visible at Levels 1 and 2, and the unique offering at level 9, will enliven the building.’’
Eamon Fox, partner and head of development at Knight Frank which represented Martley Capital on the deal, said: “Securing x+why is brilliant for the asset and the wider Leeds business community and our approach is to excel in the mandatory characteristics of best-in-class buildings. The baseline for the future office is being reset at Bridgewater Place.”
