Manchester-based Newpark Group has acquired the 31,500 sq ft 2150 Century Way office building at Thorpe Park near Leeds from Threadneedle Property Investments Trust for £3.25m.
Newpark Group intends to undertake a comprehensive refurbishment of the building, including a transformation of the entrance lobby and a full M&E upgrade.
There are currently two floors of the three-storey building available to lease – the 10,200 sq ft ground floor and the 10,488 sq ft top floor, which are available for £26/sq ft.
A spokesperson for Newpark Group said: “The design vision is focused on creating a warm, contemporary and welcoming environment that reflects the evolving high expectations and demands of today’s workforce and breathes new life into the building.”
Elizabeth Ridler, office agency partner at Knight Frank, joint marketing agents for the building, added: “Located within the Thorpe Park Leeds business park, 2150 Century Way is a high quality, Grade A office building positioned in one of the north’s most prominent and well-connected commercial hubs. As the demand for high quality workspace continues to evolve, the Newpark Group has recognised that refreshing and repositioning the building for modern occupiers is a strategic priority.
“Newpark’s proposed refurbishment of the reception at 2150 Century Way is a key step in re-establishing the building as a desirable destination for both current tenants and prospective occupiers. The new design will create an inviting atmosphere that sets a professional tone for visitors and enhances the daily experience for the occupiers of the building.”
Duncan Senior, partner at joint agents WSB, added: “2150 is being transformed to offer the kind of high-quality, amenity-rich workspace that modern occupiers expect. With a comprehensive refurbishment incorporating a remodel entrance, new air conditioning, revised landscaping, outdoor seating, and EV charging, it will deliver true Grade A space in the heart of Thorpe Park. We’re seeing a clear flight to quality and it’s not limited to the city centre, occupiers are choosing buildings that support wellbeing, sustainability and flexibility and 2150 will tick every box.”
Newpark Group was advised by WSB Property Consultants and JLMcr Property Consultancy and Threadneedle Property Investments Trust was advised by CPP.
