Leeds is one of the UK’s leading shopping destinations and is set to benefit from major investments by leading retail and commercial property developers.
Land Securities, owner of the White Rose Shopping Centre, has completed the £350 million Trinity Leeds development, which has seen creation of a 1 million sq ft retail and leisure development in the city centre. Opening in March 2013, it is the first major development of its kind to get underway since the recession.
A string of major occupiers have already signed pre-let agreements and the scheme promises to bring the best of the UK high street, premier brands, international retailers and leisure operators to the city.
Retail developer Hammerson has also submitted revised plans for the £650 million Victoria Gate (formely Eastgate Quarter), which will create up to 1 million sq ft of new retail and leisure space in the centre of Leeds.
The development will include around 350,000 sq ft of department stores, including flagship stores for John Lewis and Marks & Spencer. It will feature an additional 350,000 sq ft of retail space, 100,000 sq ft of offices, 140,000 sq ft for cafes and restaurants and 90,000 sq ft of public realm. Phase 1 is scheduled to complete by 2016.
Leeds has 2.3 million sq ft of retail space within five miles of shopping streets, including five indoor shopping centres, one of the country’s largest pedestrian shopping areas and a number of speciality shopping attractions such as the Corn Exchange, The Light and Kirkgate Markets.
The new Leeds arena is scheduled to open in July 2013 and will play a major role in raising the profile of the city nationally and internationally. It will provide a significant boost to the economy of Leeds and the wider city region
The 13,500 capacity concert and entertainment venue features a ‘super theatre’ design that ensures every seat enjoys unrestricted sight lines and will be the first of its kind in the UK.