- Commercial, Developments
- 120,000 sq ft
State of the art office building
Merrion House will be a 170,000 sq ft state of the art office building let for 25 years to Leeds City Council (LCC). It will house all of the Council’s public facing departments and over 2,000 employees. The redevelopment will transform a 1970’s office block into an innovative public sector building which will facilitate a significant saving in operating costs for LCC.
The scheme is on target for completion by January 2018. This will trigger the new 25 year lease to LCC which will increase our share of the rental income from £700,000 pa to £1,664,000 pa.
The total cost of the scheme to TCS is £33m with LCC purchasing their 50% interest for £28m.