3 Sovereign Square The new business destination in the heart of Leeds.
3 Sovereign Square provides a unique opportunity to create a bespoke statement building as part of a scheme that will transform this part of the city centre. “ The scope of ambition for Sovereign
Square – socially, economically and environmental is huge although appropriate to bring forward development on this prime city centre site. As a local developer that has grown and developed within the city over the past several years, we cannot think of a more exciting opportunity than this – the chance to create a forward-thinking, ethical, community-focused destination where people will want to go to work, stay, live and play.”
Chris Oglesby Chief Executive Bruntwood
Make a statement Choosing the right address can be crucial to the success of your business. It reflects on you, your values and how your customers perceive you. So when it comes to your office, first impressions count. From the initial curb appeal of the building through to the welcome you and visitors receive at the reception, to the quality of your fit-out, it all impacts on how you are seen to do business. As a brand new development of Grade A space, 3 Sovereign Square is a unique opportunity to create your own statement office in Leeds city centre. You have a rare chance to make your own mark on a building from the outset, ensuring it reflects your business’ values, personality and desired working environment. Through partnering with us you can be assured we will deliver an impressive and exciting new home for your business.
The location Sovereign Square is situated adjacent to Leeds train station in the heart of the city’s commercial district.
A stone’s throw from City Square, the new development will enjoy all the amenities of the city centre on the doorstep including the new Trinity retail development. Occupiers in the immediate vicinity include DLA, Deloitte, Pinsent Mason, BT, KPMG, Addleshaw Goddard and The Queens and Hilton hotels.
Leeds Train Station
Plot B
KPMG Green space
3 Sovereign Square
Site plan Leeds City Council’s vision for Sovereign Square is a prestigious, high profile development within the city centre, which will contribute to the economic prosperity of Leeds and maintain the city’s reputation as the region’s economic ‘powerhouse’. The site is a crucial part of the Council’s plan to establish a new attractive setting for a city centre development and to form a link between the city centre/retail core and the ‘South Bank’ proposals, which includes a new city park and a terminus for the HS2 eastern route.
With a proven track record of delivering quality schemes, Bruntwood and Kier are working with Leeds City Council to deliver Plot C of the Sovereign Square scheme based on an 18,300 sq ft site (3 Sovereign Square). KPMG has signed up to occupy 61,250 sq ft at No. 1 Sovereign Square (Plot A) with practical completion of the fit-out anticipated in spring 2015.
Sw i
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Leeds Train Station
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Existing multi-storey car park
Building Plot B 3 Sovereign Square
Existing BT Building
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KPMG Building
The vision Subject to an initial pre-let commitment, Bruntwood and Kier will deliver a six storey, BREEAM Excellent office building providing a total of approximately 89,000 sq ft.
Floor plate configuration includes an atrium for the office accommodation from the 1st floor upwards, in order to maximise the site area whilst ensuring the building is flooded with natural daylight. The design also allows for maximum flexibility for the configuration of office space, providing a number of combinations for splitting the floor plate should demand dictate.
Specification:
The ground floor accommodation will house up to four retail/leisure units, creating a vibrant office quarter with amenities for both occupiers and the wider community. We will choose our retailers carefully ensuring that they benefit and enhance the local area.
The opportunity to have more than one self-contained entrance is available, allowing for your own branded ground floor reception with maximum profile and security.
Schedule of accommodation sq ft
sq m
Fifth floor
14,425
1,340
Fourth floor
15,663
1,455
Third floor
15,663
1,455
Second floor
15,663
1,455
First floor
16,438
1,527
• LG7 compliant and energy efficient lighting (DALI controlled)
Retail / Leisure
9,624
894
•
Lift access
Office entrance
1,604
149
•
On-site bicycle storage
•
Shower facilities
Total
89,080
8,275
•
DDA compliant access
•
BREEAM Excellent rating
•
Open plan suites
•
On-site parking
•
24-hour access
•
Speed gate building entry system
•
2.8m finished floor to ceiling height
•
VRF air conditioning system
•
Full raised access floors
Basement car park 40 spaces. Floors capable of subdivision to meet your requirements.
3 Sovereign Square - Fronting new green space and Sovereign Street
3 Sovereign Square - Corner of Sovereign Street and Swinegate
Creating the right space for your business 3 Sovereign Square offers significant open plan work space offering maximum flexibility in how you plan your business environment. The space is flooded with natural light and a central atrium ensures that additional light is brought to the centre of the floor. These indicative space plans show how a customer facing reception and meeting space can be incorporated across a single floor and a large working environment on a further floor. These are just examples of how the space can be fitted out but our space planners can help by visualising alternative options to suit your business.
15,663 TOTAL SQ FT OF OFFICE SPACE
160 NUMBER OF WORK STATIONS
16 SOFT SEATING/BREAK-OUT AREA
6 MEETING SPACES
1 PRINTER POINTS
1 NUMBER OF KITCHENS
TYPICAL FLOOR 1ST – 4TH
TOP FLOOR
14,425 TOTAL SQ FT OF OFFICE SPACE
1 SOFT SEATING / LOUNGE AREA
1 RECEPTION AREA
4 PRIVATE OFFICES
1 NUMBER OF KITCHENS
17 MEETING ROOMS
1 ROOF TERRACE
Floor plans 3 Sovereign Square offers five floors of office accommodation above ground floor. These floor plans show the configuration of space at each level within the building.
29 FT (8.9 M)
123 FT (37.6 M)
24 FT (7.6 M)
168 FT (51.4 M)
Retail / Leisure GROUND FLOOR LAYOUT: 11,228 SQ FT (1,043 SQ M)
FIFTH FLOOR LAYOUT: 14,425 SQ FT (1,340 SQ M)
SECOND, THIRD AND FOURTH FLOOR LAYOUT: 15,663 SQ FT (1,455 SQ M)
POTENTIAL SPLIT FLOOR LAYOUT: SUITES FROM 7,000 SQ FT (650 SQ M)
A new business and leisure destination Situated in a prime location south of Leeds train station, Sovereign Square will become a new focal point for businesses in Leeds. With KPMG due to occupy 61,250 sq ft in their new building in 2015, it will quickly establish itself as the place for doing business in the city. The site will bring with it additional ground floor retail space and leisure opportunities overlooking green space that is a rare find in a city centre.
1 Sovereign Square - KPMG
1 Sovereign Square - KPMG
09
In good company Located in the heart of city centre Leeds in an established business district, the site is already surrounded by some high calibre occupiers and city centre amenities. These will further be enhanced by the scheme proposed at Sovereign Square. KEY Occupiers 01
KPMG
02
BT
03
Addleshaw Goddard
04
Walt Disney
05
Aon
06
Asda
07
DWF
07
Ernst & Young
07
Eversheds
07
GHD
08
Investec
09
Mercer
10
DLA Piper
11
Deloitte
12
Pinsent Masons
12
Barclays
13
FTC Kaplan
14
NHS
15
Direct line Group
15 08
07
05 06
River Aire
11 12 10
13
14
02
01 3 Sovereign Square
03
04
Green space in the heart of the city Key to the development of Sovereign Square is the creation of a new green space at the centre of the scheme. This will enhance the surrounding area, offering much sought-after city centre outdoor space, whilst providing a focal point for the site. It is anticipated that the space will not only offer a lunch time retreat but that Leeds City Council will use it as a focal point for cultural attractions and events. The Council is committed to delivering and completing the first phase of the new green space simultaneous to KPMG’s occupation. Bruntwood’s combined years of experience of creating work spaces that offer more than just an office for your business also includes investment in the external environment of our buildings. This experience ranges from extensive parkland in business parks to communal courtyards and even roof gardens in city centre schemes. Sovereign Square will benefit from this same approach and we will work with the Council to ensure the immediate environment to our building enhances the development.
New leisure amenities Our development of 3 Sovereign Square will include space for four new retailers on the ground floor level of the building.
At Bruntwood we invest in prime business locations, places that we know are popular with customers and are likely to be in demand. With a portfolio 110 properties and 6.2m sq ft of commercial space, we have over 200 retail/leisure units located within our buildings. The retail space in our portfolio is a vital part of creating a sense of place for our buildings. We believe that attracting the right retail/leisure businesses to 3 Sovereign Square creates a ‘win-win’ situation for both our retailers and office occupiers alike. As well as making the building more visually appealing, the retailers at 3 Sovereign Square will add to the facilities available to the people working in the area. From fitness centres, coffee shops and restaurants to health and beauty salons and physiotherapy practices, we select our retailers carefully to ensure they bring the best possible benefit to the immediate area. Our track record in attracting retailers consists of household names such as Starbucks, Tesco, Marks & Spencer and Pizza Express to independent retail and leisure operators like, Philpotts and Living Ventures who help bring a distinctive character and appeal to our buildings at street level.
“ Even in the current climate, the appetite of diners for good food in a relaxed environment is still growing…We have always found that clustering our leisure brands together really helps establish a destination, with the appeal of each offering supporting the other. We’ve already got plans in the pipeline to work with Bruntwood to expand our brand across their portfolio.” Tim Bacon
Managing Director, Living Ventures
On your doorstep Leeds is home to high street and designer brands alike, as well as the Victoria Quarter and Queens Arcade. The city centre is home to four theatres, two cinemas and numerous restaurants, bars and pubs, catering for all tastes and budgets.
Sovereign Square is located within an established business and leisure destination in Leeds city centre with an abundance of amenities on the doorstep. For lunchtime essentials the surrounding independents offer a range of eateries that can cater for a variety of tastes. You’ll be spoilt for choice for more formal dining with Bibis Italianissimo next door, Thai restaurant Chaophraya across the road or Raymond Blanc’s Brasserie Blanc opposite. Whilst those searching for retail therapy can take advantage of the nearby retail district including the newly opened Trinity shopping complex offering one million sq ft of shopping. Future developments within a short walking distance of Sovereign Square will include Victoria Gate and John Lewis. Once completed the Sovereign Square development will benefit from additional retail space further creating a destination for workers and out of hours socialising.
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TRINITY LEEDS
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KIRKGATE MARKET
KIRKGAT E
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CITY SQUARE
G3
GEORGE STREET
KING EDWARD ST.
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TRINITY LEEDS
G2
LANE
VICTORIA QUARTER
MAR
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CITY VARIETIES
B RIGGATE
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BOND
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BEDFORD ST.
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GRAND THEATRE
VI CA R
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THE LIGHT
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CENTENA PEDESTR BRIDGE
10
3 Sovereign Square Leeds
Key 01
Malmaison
07
Hilton
13
Sainsbury’s
02
Bibi Italianissimo
08
Trinity Leeds
14
Boots
03
Chaophraya
09
Antonio’s
15
M&S Food
04
Travellodge
10
Brasserie Blanc
16
Chino Latino
05
Roomz
11
Restaurant Bar & Grill
06
Cosmopolitan
12
Loch Fyne
T C
Transport connectivity Sovereign Square occupies a highly prominent and accessible location fronting the Leeds city centre loop road, which will be enhanced further by the introduction of the Southern Entrance to Leeds city station.
Sovereign Square is within easy reach of the city centre bus interchange and the existing Q-Park and NCP car parks off Swinegate offering parking space for visitors. The M62 and M1 motorways, provide road links to the east/west and north/south respectively can both be easily reached from the development.
A660
LEEDS BRADFORD INTERNATIONAL AIRPORT
SHADWELL
HORSFORTH A51
ROUNDHAY
A6120
Leeds enjoys direct train links to London, Manchester, Liverpool, Sheffield, Newcastle, York and Edinburgh. Located in the centre of the country Leeds train station is one of the busiest train stations nationally. Leeds Bradford International Airport is just 9 miles away and offers direct flights to Europe’s main business destinations along with a shuttle route to London. Planned improvements Sovereign Square will also benefit from the proposed Southern Entrance to the train station which forms part of the wider redevelopment of the train station, whilst the planned New Generation Transport (NGT) tram network will pass along Swinegate and Boar Lane to City Square. Looking to the future, within a five minute walk from the site, the proposed HS2 line will arrive at its northern terminus along the eastern route.
M621(M)
PUDSEY
A64
A6110
LEEDS CITY CENTRE M1(M) M621(M)
M621(M)
MORLEY
M62(M)
M1(M)
5 mins 5 MINUTES WALK TO LEEDS TRAIN STATION
2hr 12m 2 HR 12 MINS TO LONDON BY TRAIN
9.5 miles TO LEEDS BRADFORD AIRPORT
5 mins 5 MINUTES WALK TO BUS INTERCHANGE
3.5 miles 3.5 MILES TO M1 MOTORWAY
5.5 miles 5.5 MILES TO M62 MOTORWAY
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03 05 04 SO
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WATERLOO STREET
MA
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SWE ET ST W
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A653
NI NE VE
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JACK LANE
M621(M) JAC
SOUTH LEEDS SPORTS CENTRE
K LA
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3 Sovereign Square Leeds
Key 01
Proposed HS2 terminals
05
Multi storey car park
02
Leeds Train Station
06
Leeds Bus Station (national services)
03
Leeds Bus Interchange
04
Proposed station Southern Entrance
Proposed NGT line and stops
The right property partner Established in 1976, Bruntwood is a family-owned property investment, management, regeneration and development company. We own and manage a portfolio of property across Manchester, Liverpool, Leeds and Birmingham, spanning office, retail, leisure and science facilities.
Manchester-based, but with a property portfolio stretching across four UK regional cities, we have developed a proven business model based on innovative development, predominantly of existing building stock, and a single-minded focus on the needs of our customers. Over the past six years, Bruntwood has delivered over one and a half million sq ft of commercial accommodation throughout the North of England, encompassing the full spectrum of development from out-of-town business parks and prime city-centre mixed use schemes to developments in large fringe locations that had previously lacked any tangible investment.
We develop, let and manage all our own properties, meaning that we have substantial expertise in creating buildings that work, not just ones that look good. This is driven by the strong customer focus that underpins everything we do, from selecting and developing the property we invest in, to the sustainable management of our buildings and the top quality customer service we strive to deliver.
110 TOTAL NUMBER OF PROPERTIES IN OUR PORTFOLIO
6.2m TOTAL OWNERSHIP IN SQ FT
2,114 TOTAL NUMBER OF BRUNTWOOD CUSTOMERS
2,033 TOTAL NUMBER OF SERVICED DESKS
200 TOTAL NUMBER OF RETAIL UNITS
78 TOTAL NUMBER OF MEETING ROOMS
The Exchange, Manchester
Riverside, Manchester
City House, Leeds
1 New York Street, Manchester
Our track record We have over 36 years-worth of expertise in property development, ranging from new-build to listed building refurbishments but all with the underlying intentions of creating places for business success.
Development approach Unlike most developers, the majority of Bruntwood’s development process is driven by our in-house team, from acquisition and site assembly to design principles and master planning. In almost all cases the delivery and project management of the scheme is handled in the same way. We are experienced in working with architects and design firms of national and international renown and also have extensive experience in managing contractors, ranging from small to major national and international organisations. Operating our own dedicated in-house development, project management and building department guarantees the consistency and quality of project delivery and the service we provide to customers. It also ensures that delivery of every Bruntwood project meets the criteria established at the design and planning stage regarding time, cost and quality.
Skills From devising the core development concept to driving and challenging the professional team, Bruntwood’s development team are adept at driving projects through to successful delivery. We consider all design development decisions with the end-user in mind and constantly push forward and challenge the professional team to ensure best value, performance and ultimately the best long-term end result. Our expertise covers every element of property development, and includes amongst others; development strategy, marketing, accounting, litigation, L&T, valuation, and procurement.
Relationships Over the last 36 years Bruntwood has worked to establish good working relationships with all its local authority stakeholders. This brings numerous benefits to our projects, including a close understanding of the city’s planning requirements and established working relationships with highways and other stakeholders. Bruntwood’s role at the forefront of a number of the city’s major regeneration and development initiatives also means that the wider potential for a scheme can be achieved, often leading to adjacent and/or interrelated schemes. These existing relationships can be utilised on Sovereign Square to help ensure that timescales are met and any broader scheme considerations are capitalised upon within the context of the partners’ vision.
“ Bruntwood recognises that high quality public
realm development is a win-win – both for business and the city as a whole. Their developments are well designed, use high quality materials, and create a good pedestrian environment…with Bruntwood there’s been an absolute commitment, both in terms of time and money to put something back.”
Sir Richard Leese Leader, Manchester City Council
Making your life easier We understand the importance of creating the perfect office environment for your business, that’s why we have dedicated specialists teams to help you on your way.
A tailored approach We believe in working with you to ensure the whole process of choosing, leasing, setting-up and moving into your new office accommodation is as stress-free and seamless as possible. We can help you with everything from space planning through to the entire project management of your office fit-out. Our designers will work with you to make the space distinctively your own, getting under the skin of your business needs and tailor-making an office that meets those needs perfectly. You’re in expert hands, our project management team works on over 100 fit-out projects per year and when it comes to fitting out your space we can use our buying power to help. Bruntwood realise you may require accommodation sooner rather than later. We have a large estate of existing buildings in Leeds and can offer you temporary accommodation if required. How can we help?: •
Space planning
•
Project management
•
Cabling and data
•
Turn key fit-out
•
Temporary accommodation
Kier Introduction The Property division remains an important part of the Kier Group where we are keen to utilise Group resources to continue to grow the business.
Kier’s Property division undertakes investment, development and asset management across a broad spectrum of property assets.
knowledge can create value. With investments our focus has traditionally been on structured finance schemes to provide new public sector infrastructure projects, such as schools, libraries, and developments in the healthcare sector. Our track record as enabler, developer, contractor, long-term service provider and investor demonstrates the strong advantages of Kier’s integrated business model. Across all these sector types Kier has shown an ability to secure new work against tough competition, and deliver significant infrastructure projects across the country.
investors alike. Adding value through the development process is key to achieving success in uncertain economic markets, and Kier’s experience across all sectors of the commercial and residential development market provides a genuine capability. Our history also gives our customers the certainty that Kier is a long-term business partner who can be relied upon. Kier’s financial strength underlies our performance with further and continued investments being made across the property sector to expand our current activities. We remain hungry for further acquisitions.
Within the United Kingdom development sector Kier has built up an enviable track record of performance, driven by a determination not to overcomplicate the development process, and deliver against key milestones for occupiers and
Nigel Turner
Invest
Develop
Manage
Managing Kier’s interests in serviced assets procured under structured finance and as Public Private Partnerships (PPP), we focus on providing an integrated solution, drawing on Kier’s wider expertise and offering a one-stop solution to clients. Acting as promoter and developer and then as equity investor manager and facilities manager, our portfolio covers a wide range of sectors having delivered a total of 49 new facilities in the health, education, emergency services, care and libraries sectors.
With economic uncertainty many occupiers face critical decisions regarding the real estate they occupy. Through Kier’s diverse development skills, tailor made property solutions can be provided, ensuring occupiers get the best value from their property. Kier’s strong cash position also offers flexibility in the type of financial transaction proposed. This can range from leasehold, freehold, or in some cases legacy transactions where land swaps are structured.
Kier asset manages for local authorities and other public bodies to obtain maximum value from property holdings whilst providing improvements in dayto-day real estate management. Kier is the strategic asset manager for a diverse property portfolio and actively manages a growing number of public sector assets.
Using the Group’s wide resource base to enhance returns on property assets our Property team has the ability to unlock potential. Working with our own extensive portfolio or in partnership with land owners we have the necessary skills to create value and deliver regenerative schemes. With the Group’s strong balance sheet and a clear understanding of the United Kingdom regional markets further growth opportunities are required. Our business is broadly focused upon three key sectors; Investments, Development and Asset Management opportunities, where our expert
Managing Director, Kier Property
Ordnance Survey Southampton In 2010, we delivered a new freehold 175,000 sq ft headquarters for Ordnance Survey in Southampton.
The new headquarters achieves a BREEAM ‘Excellent’ rating and enables Ordnance Survey (OS) to introduce new working methods for its staff. The Kier team has worked very closely with OS and its advisers to ensure that the new building meets all the necessary occupational requirements, and utilises the space available in an efficient manner. The development includes an acoustic wall parallel to the buildings front elevation, to minimise noise from the adjacent M271 motorway. Whilst this feature increased build costs, it reduced background noise, thus allowing a more sustainable form of mixed mode ventilation. The cost was offset against there being no need for a fully integrated air conditioning system. A key factor of financing this development was the ability of Kier to maximise value from the existing OS estate to part finance the new headquarters building. By concluding a single transaction with Kier for both the new headquarters and disposal their existing site, OS have been able to avoid ‘value leakage’. Kier has also been exploring life cycle costing and long-term maintenance with the occupier, in order to influence plant and equipment specification ahead of occupational fit out.
Whitehall Place London
3-8 Whitehall Place was a 280,000 sq ft pre-let to the Department for Environment, Food and Rural Affairs. A challenging office redevelopment project involving the decanting of staff and retention of a Grade II* listed façade. This project is another example of Kier’s excellent track record of delivering major office pre-lets. The project strategy was to redevelop behind a retained façade and to achieve a modern office building to current standards. The aim was to achieve quality, flexible office space and the required servicing. The new build construction had to be carefully considered to take into account the existing window locations on the façade. The scheme provides the occupier: Department for Environment, Food and Rural Affairs (DEFRA), with its required specification and the added potential for a feature atrium. Kier was selected by the freeholder, the Crown Estate, to redevelop the building. The project was procured through a design and build contract undertaken by Kier and subsequently sold to a private equity fund for in excess of £40 million. The project has a Sustainability Charter and achieved an Excellent Building Research Establishment Environmental Assessment Method (BREEAM) rating. The development is a pioneer in sustainability issues.
One Reading Central Reading
A major new office development on the site adjoining the national headquarters of Cable & Wireless. One Reading Central, a BREEAM ‘excellent’ building, is to date the largest office building development in Central Reading. The construction commenced as a speculative project.
The city-centre scheme has been designed in a truly out of town scale, with 22,000 sq ft floor plates, atria as tall as the building and double height reception. The Iconic development was a joint venture between Kier and Invista Real Estate Management Limited and completed ahead of schedule in February 2010. Work on One Reading Central started in October 2007 and in December 2007 Kier secured a pre let to Yell plc, who committed to take 153,000 sq ft over 7 floors of the 10 storey building. One Reading Central is a city scale building in the heart of a regional hub making it ‘The Ultimate Workplace’. The building achieved a BREEAM ‘Excellent’ rating.
For more information about the opportunities available at Sovereign Square contact: Bruntwood Craig Burrow Director of Leeds 07817 014 548 craig.burrow@bruntwood.co.uk DTZ Eamon Fox Director 0113 233 8850 eamon.fox@dtz.com