Benchmark letting at West Riding House

14th June 2012

Moorfield Group (Moorfield) and Holbeck Land have completed a benchmark letting at West Riding House, Albion Street, Leeds to Optimisa Research, a company specialising in conducting research for public, commercial and third-sector clients.

Optimisa Research has taken 5,180 sq ft (481.2 sq m) of space in the 19 storey landmark building on a 10 year lease, close to the asking rent of £16.95 per square foot (£182.45 per square meter) pre-refurbishment.

Michelle Norman, CEO of Optimisa Research Limited commented "We are very excited by the move to West Riding House representing a new era for the business. This iconic building is recognised for its proximity to the commercial district, retail area and main transport links; our move to West Riding House is set to attract clients and staff alike. The panoramic views from the building can't help but inspire!"

On behalf of the Moorfield Real Estate Fund II, Moorfield acquired West Riding House in February 2011.

Robert Firth of Holbeck Land, Moorfield's local joint venture partner for West Riding House explains "We continue to focus on forging long term relationships with both new and existing occupiers through our flexible hands-on approach. It is an exciting time at West Riding House with a comprehensive refurbishment planned in the coming months and a number of further lettings anticipated in the near future".

The joint office leasing agents for West Riding House are the Leeds offices of Savills and JLL.

Simon Dove of Jones Lang La Salle commented " We are delighted to have secured Optimisa prior to the planned upgrade due later this year and following hot on the heels of the recent letting of 15,000 sq ft to Laing O`Rourke."