- 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 in early 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 £35m with LCC purchasing their 50% interest for £28m.
Martin Farrington, Director of City Development, Leeds City Council:
“The partnership between Town Centre Securities and Leeds City Council has led to an outstanding redevelopment of Merrion House that bears no resemblance to the tired 70’s office block that many of us will remember.
The transformation is the product of our partnership with TCS, the hard work of many colleagues across the council and our design and construction partners. It presents a dramatic new gateway into the city centre on Woodhouse Lane but, far more than that, it will support the next chapter in the council’s ongoing modernisation and provision of vital services for the people of Leeds.”