RA Real Estate advise Lowell on the largest single out of town deal ever recorded in West Yorkshire

RA Real Estate advise Lowell on the largest single out of town deal ever recorded in West Yorkshire

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RA Real Estate advised Lowell on the acquisition of a 133,118 sq ft corporate HQ building. Lowell and Scarborough Group International (SGI) have agreed a pre-let at Thorpe Park Leeds, representing the largest single out of town office deal ever recorded in West Yorkshire and the biggest transaction in the Northern Powerhouse region over the last twelve months.

Lowell, a leading Credit Management Company, has agreed a 15-year lease to occupy a new, state-of-the art 133,118 sq ft office building at Thorpe Park Leeds. It is relocating its UK headquarters from two buildings in Leeds Valley Park to one smaller, modern and more environmentally friendly purpose-designed building.

Lowell is one of the largest credit management companies in Europe, with a mission to make credit work better for all. Every year, it supports hundreds of thousands of people to take control of their financial health by providing flexible solutions to help manage their debt.

The new Lowell HQ building provides seven floors with two levels of podium parking and amenity below.  It will be of landmark design and constructed in line with the very latest human health and wellbeing standards. Scheduled for Completion in Autumn in 2022 with Lowell taking occupation in 2023. 

The building is to represent a new benchmark for future development at Thorpe Park Leeds, with an environmental performance target of BREEAM ‘Excellent’ rating and principles set out in the WELL Standard to provide an exemplar environment for users. 

John Pears, UK CEO, at Lowell said:

“We are proud to have our roots in Leeds and as one of the city’s major employers, we are pleased to have found our new home at Thorpe Park Leeds. “This move will provide us with a unique working environment designed to improve collaboration across the business, support colleagues to work in a more flexible way, increase wellbeing facilities, and meet the needs of our business, both now and in the future.

“The great services and transport links on the doorstep at The Springs will give our people a destination where, as well as coming to work, they can shop, access leisure and wellbeing facilities and flexible childcare through our planned onsite nursery.  

 “With many of our colleagues working from home during the pandemic, we are using this experience to design how we work in the future and our new smaller, modern building will be a great space for colleagues to meet, collaborate and connect with each other

"This is an exciting move for the Lowell team and will ensure we can provide a place to work that our people feel proud of and that also attracts future talent from around the region too.”