The Invest in Leeds seminar, organised by commercial property advisor GVA and supported by inward investment organisation Leeds and Partners, showcased the Leeds City Region’s prime investment opportunities for the City of London.
GVA argued that investors have a “renewed belief” in the Leeds City Region’s occupational market, with investments of close to £1.5bn being made available across the region as the UK’s economic recovery shows signs of gaining momentum. Ben Hall, investment director at GVA in Yorkshire, was open about the struggle to attract inward investment into the Leeds City Region in recent years, for both property development and standing investment. But recent developments show that investor confidence in the region has strengthened.
He said, “A number of recent deals for prominent office buildings in Leeds city centre, including transactions for Bond Court, Toronto Square and Chancellor Court, give an indication of this returning investor confidence.”
GVA research shows that rental values across industrial, office and retail markets is set to grow 0.7% this year, ramping up to 2.3% by 2017.
Mr Hall concluded, “The message to take away is that now is a good time to invest in the Leeds City Region.”
With hundreds of millions of pounds being invested in improving public transport and infrastructure, combined with exciting new developments springing up left and right, and now with the potential to bring in the high-rollers from the capital, Leeds and the surrounding area look set for a prosperous future.
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