LEEDS ECONOMY HANDBOOK. August 2016 LEEDS PROPERTY MARKET

LEEDS ECONOMY HANDBOOK August 2016 LEEDS PROPERTY MARKET

CONTENTS The Leeds property market Employment land PROPERTY INVESTMENT IN LEEDS: 2006 2015 Counting only individual property schemes valued at 1m or over, 9.8bn worth of major developments have either been completed, are currently under construction or have been proposed in Leeds in the period 2006 to 2015. Of this total, almost 4.0bn has been completed; 695m are under construction and 5.1bn are proposed or currently on hold. Property schemes valued 1m or more, 2006 2015, Leeds MD m Completed Under Construction Proposed/ On hold TOTAL Major Mixed Use* 12 1,400 1,412 Office Devts 728 254 1,437 2,419 Retail 572 174 20 765 Leisure 629 54 291 974 City Centre Apartments 924 16 981 1,921 Mfrg/Distribution 306 277 583 Other 821 197 695 1,712 Total 3,992 695 5,101 9,786 * The data on office, retail, leisure and apartments is for stand alone schemes only. The mixed use developments can include significant elements of these. Source : Economic Development, Leeds City Council MAJOR SCHEMES During 2016, the Kirkgate Market refurb and 6 Wellington Place were completed. Currently under construction in the city centre are the hotel on Greek Street, Education campus on Hunslet Road, Ruth Gorse Academy, City House Hilton Leeds Arena hotel, Merrion House, 6 Queen Street, 3 Sovereign Square, Victoria Gate, 5 Wellington Place, Central Square on Wellington Street. Outside the city centre are the incinerator on Pontefract Lane and UTC on Hunslet Road. Three city centre schemes over 100m each are proposed or currently on hold: Latitude, Caddick development at Quarry Hill, Temple Quarter and Wellington Place. Outside the city centre there were proposals over 100m at City Reach on Kirkstall Road and Kirkstall Forge. Other schemes include the Logic Leeds, Temple Green, Skelton Lake Services in the Aire Valley, Leeds Distribution Park in Garforth and further developments at Thorpe Park and Leeds Valley Park.

Major schemes in the city centre SCHEME STATUS COMPRISES Completed (Year completed) Kirkgate Market 2016 12.3m investment Wellington Place 2016 40m: B6 100,000 sf; B5 75,000 sf Sovereign Square 2015 30m 60,000 regional HQ for KPMG City Station Southern Entrance 2015 17m development Black Bull Street 2015 17m Leeds College of Building 86,000 sf campus Leeds University Library 2015 27m Library on Woodhouse Lane Merrion Centre 2014 13m 88,000 redevelopment First Direct Arena 2013 60m Arena Trinity Leeds 2013 350m: retail and leisure development Tower Works 2012 Phase 1: selective demolition and 18,000 sf offices South Parade 2011 10m 35,750 sf offices at 10 South Parade Leeds University 2010 12m Leeds University swimming complex Quarry Hill Northern Ballet Civic Quarter Rose Bowl 2010 12m Northern Ballet and Phoenix Dance studios 2009 50m Rose Bowl development by Leeds Beckett University The Core 2009 30m retail design and redevelopment Granary Wharf 2009 70m development by ISIS: 282 apartments in two blocks; hotel; and 32,000 leisure/retail on the ground floor of the three buildings. Toronto Square 2009 90,000 office development Brewery Wharf 2008 125m development, which includes 531 apartments, 216 bed Jurys Doyle Hotel, leisure and 82,000 sq ft offices. Globe Road Latitude Red 2008 Ph 1: 129,000 offices. Grand Theatre 2008 33m redevelopment Headrow Broad Gate 2008 40m mixed use: retail, 157,000 offices Leeds Museum 2008 27m development New Dock 2008 250m development: 1121 flats, 107,000 offices, 161,000 retail & leisure and multi storey carpark. Round Foundry 2008 32m: offices, workshops, housing and retail. Sweet Street The Mint 2008 115,000 office building University of Leeds 2008/10 16m Ziff building; 12m new law building Bridgewater Place 2007 100m 32 storey development: 230,000 sq ft offices, 200 apartments; 10,000 sq ft leisure East Street Gateway 2007 215 bed hotel, 33,000 offices, 550 underground car parking spaces Carriageworks and Electric Press 2006 Theatre, offices, bars City Point 2006 25m: 62,000 sf on King Street Leeds City Office Park 2006 Phase 3 offices

Wellington Place 2006 119,000 sf 2 Wellington Place; 35,000 sf 10 Wellington Place Whitehall Riverside 2006 120m: Phase 1: 44m 128,000 of offices. Further phases planned City Walk 2005 Estimated 60m: Ph 1 60,000 offices, 257 bedroom Bewley's Hotel, 241 apartments. Ph2 64,000 offices Albion Street, Cavendish House 2005 20m development: 94 flats, 6,000 sq ft offices, 28,500 sq ft retail. Lateral 2005 25m 92,000 offices Brewery Wharf 2005 125m Brewery Wharf development Riverside West 2003 10m development comprising 50,000 offices and 58 apartments Whitehall Waterfront 2003 38m: offices and 193 apartments The Cube 2002 10m development on Albion Street comprising 84 apartments, 56,400 offices and 1,680 leisure. The Light 2002 100m development providing a hotel, retail and leisure developments on the Headrow. Whitehall Phase 2 2002 40m: 80,000 offices, 149 apartments and a 195 bedroom Novotel. Under construction (Completion date) Black Bull Street Ruth Gorse Academy 2016 28m academy City House 2015 17 10m refurbishment Greek Street 2016 13m 90 bed hotel Leeds University 2017 38m Engineering dept refurb; 25m Edward Boyles Library; 17m Students Union; 41m Worsley bldg Merrion House 2018 30m Refurb 120,000 sf and 50,000 sf new Merrion Hotel 2015 17 10m Ibis Hotel Portland Crescent 2016 17 200 bed Leeds Arena Hilton hotel 6 Queen Street 2016 30m 75,000 sf offices Sovereign Square 2016 93,000 sf 3 Sovereign Square. Victoria Gate 2016 Phase 1: 165m 390,000 retail & leisure Wellington Street Central Square 2016 96m 202,000 sf offices; 19,000 leisure Whitehall Riverside 2017 10m 136 bed Premier Inn Proposed (PP planning permission) Bingley Street PP 2014 Offices and 90 bed hotel Black Bull Street data centre Black Bull St Leeds College of Building Bridge St/ Gower St/ Regent St The Calls Warehouse Hill PP 2013 Proposed PP 2011 PREAPP/15/00782 PP 2015 43m data centre New 5200 sm building extension 780 apartments, 182 bed hotel, retail and leisure by Lunar Properties 77 apartments and 17,000 commercial City Island PP 2004 Ph 3 219,000 sq ft offices City Square House PP 2011 50m: 170,000 offices

Latitude Blue PP 2010 Latitude Blue 115,000 sf offices; Preapp for 200,000 sf offices adj No 1 Latitude Yellow Preapp 70m 157k sf offices Leeds Beckett University Proposed Leeds City Office Park Preapp 14,950 sm offices Leeds City Station Proposed 100m masterplan 75m capital schemes over next 3 years LGI Proposed 200m masterplan for LGI Leeds University Proposed 10m healthcare & bioscience HQ; 40m Enterprise Hub; 22m engineering dept refurb; 87m science & computing building Marshall Mills Outline PP 2005 240 flats, 129,000 sq ft offices, hotel and gym by Igloo Regeneration Merrion Way PP 2013 Casino extension and serviced apartments New Dock PP 2014 Office reconfiguration and public realm Portland Way PP 2012 178 bed hotel Quarry Hill Caddick development Quarry Hill Leeds Property development Quarry Hill Leeds City College Round Foundry Green Building Outline application PP 2009 Preapp Proposed 150m mixed use development :100,000 offices, 42,000 sf leisure, apartments and multi storey car park 70m: hotel and leisure New development 27,600 sf offices Sweet Street Burberry Proposed 50m Burberry factory 10 11 Sweet Street Outline PP 2010 30m: 87,000 offices, gym & car parking Sweet Street/ Siddall Street Preapp 120,000 sf offices Sweet Street Outline PP 2014 100,000 sf offices by Oakapple Temple Quarter PREAPP/15/00955 350m mixed use development by CEG at Holbeck Urban Village Tower Works PP 2016 80m Phase 2 100,000 offices, 8,000 retail/leisure and 150 homes Town Hall Proposed 10m refurbishment Victoria Gate Preapp 500m phase 2 Wellington Place PP 2010 110,000 sf at 3 Wellington Place Wellington Place Outline PP 2004 Other phases: 450m development: offices, 530 flats, hotel, 1.8m offices. West Yorkshire Playhouse Westgate International pool site Proposed Pre planning 14m refurb 60m: 300,000 offices, 200 flats. Being reconfigured Whitehall Riverside PP 2015 105,000 sf offices between No 1 and Whitehall Road Whitehall Riverside Outline PP 2013 200,000 sf 2 Whitehall Riverside; 115,000 sf 3 W R; 85,000 sf 7 Whitehall Road; 524 space carpark Whitehall Road PP 2011 29 storey 194 flats between canal and railway line Source: Economic Development, Leeds City Council (August 2016)

Schemes outside the city centre SCHEME STATUS COMPRISES Completed Kirkstall, Bridge Road Complete 2015 40m 120,000 retail development Elland Road Completed 2014 35m: 110,000 police headquarters Headingley Carnegie Completed 2010 21m pavilion Pavilion Holt Park Completed 2013 27m leisure and social care centre Leeds Valley Park Completed 2003/06 120,000 sf ph 1; 140,000 sf ph 2 Pontefract Lane Completed 2016 150m Incinerator Under construction UTC, Hunslet Road Complete 2016 11m UTC on Braime s site Proposed Blenheim Walk Leeds College of Art City West East Street/ Bow Street East Street Echo Elland Road Garforth, Aberford Road Gildersome PP 2016 Phased development Planning permission 2005 Planning permission 2007 Planning permission 2013 Outline permission 2014 Outline permission 2014 62,250 sf expansion Offices, hotel 40m: 185 flats and 27,000 offices 70,000 offices 1,000 seater ice rink 94,380 sm employment use 11,700 sm industrial on Wakefield Road Hunslet Road Braime Proposed Development potential: residential, offices and leisure Headingley Cricket Proposed 28m north/south stand Kirkstall Forge Kirkstall Road City Reach Leeds Distribution Park, Garforth Leeds Valley Park Pontefract Lane, Logic Leeds Seacroft LUGA Outline planning permission 2007 Outline planning permission 2011 Planning permission 2009 Planning permission 2010 Outline planning permission Planning permission 2007 390m: 10 year development on 58 acre site. Includes 178,000 offices Former Yorkshire Chemicals site: 340,000 offices, 1424 flats & 35,000 sq ft commercial use 80m 750,000 sq ft distribution centre adjacent to Junction 47 of the M1 Ph3 120,000. Further phases planned 110 acre manufacturing & distribution development. 80,000 sf unit complete 2015 15m: 4 acre commercial park

Seacroft New Park Proposed 100,000 commercial/ industrial Skelton Lake Services Proposed 50m business centre, hotel and service station Temple Green Planning permission 2011 Temple Point Outline permission 166,000 offices 96m development on 14.6ha site Thorpe Park Outline permission 400m offices, retail, leisure THE OFFICE MARKET OFFICE LETTINGS Over the last decade, total office letting averaged 819,900 sf; with 502,500 sq ft in the city centre and 317,400 sq ft out of town. For 2Q 2016 office lettings in the city centre were 73,103 sq ft, compared with 213,126 sq ft for 2015. Out of town lettings were 76,026 sq ft and 37,697 sq ft respectively. There were no lettings over 50,000 sq ft, compared with 2 in 2015. (sq ft) City Centre Out of town 10 year average 502,500 317,400 1Q 2013 234,455 96,074 2Q 2013 214,767 96,910 3Q 2013 95,978 94,260 4Q 2013 252,611 200,987 2013 Total 797,811 488,231 1Q 2014 140,778 35,264 2Q 2014 103,729 48,018 3Q 2014 143,456 35,305 4Q 2014 157,568 118,132 2014 Total 545,426 236,719 1Q 2015 87,689 59,540 2Q 2015 213,126 37,697 3Q 2015 112,103 72,314 4Q 2015 267,187 98,490 2015 Total 680,105 268,041 1Q 2016 121,908 141,174 2Q 2016 73,103 76,026 The graph below shows take up since 2000. Individual.

Office lettings (over 10,000 sq ft): 2013 16 Sq ft Let to Date City Centre 6 Wellington Place 39,605 Central Square 25,539 Josephs Well 14,743 6 East Parade 13,880 Sky Bet RSM Plexus Law Dentsu Aegis Network Mar 16 Mar 16 May 16 Feb 16 Leeds Dock 60,522 Sky Oct 15 3 Sovereign Square 51,531 Addleshaw Goddard Jun 15 Central Square 49,650 PwC Jun 15 Leeds Dock 36,500 Sky Oct 15 6 Wellington Place 19,784 Equifax Jun 15 No 1 Whitehall Riverside 17,159 FDM Group Holdings Plc Mar 15 City Exchange 16,641 Leeds Building Society Mar 15 1 City Walk 14,471 Harrison Goddard Foote Nov15 21 Queen Street 13,000 Leeds University Dec 15 1 Aire Street 10,984 The Office Group Nov 15 6 Wellington Place 32,382 Squire Patton Boggs Nov 14 15 16 Park Row 26,337 University of Law Jan 14 St Pauls House 24,800 DAC Beachcroft Dec 14 St Johns Centre 24,242 Sanef Operations Apr 14 Westgate 12,006 Leeds City Council Dec 14 100 Wellington Street 11,800 Sticky Eyes Mar 14 City Point 11,145 Ashcourt Rowan May 14 One Park Lane 10,240 Call Credit May 14 Belgrave Street 10,227 Enterprise Foundation Jun 14 2 Wellington Place 15,500 BskyB Jul 14 Bridgewater Place 27,289 Department of Health Sep 14 Broad Gate 76,413 Yorkshire Building Society May 13 The Mint 73,100 Dart Group Mar 13

1 Sovereign Street 60,000 KPMG LLP Mar 13 Merrion House 50,000 Leeds City Council Dec 13 Broad Gate 28,271 KPMG Oct 13 Broad Gate 25,389 CapGemini Jun 13 North Street 22,627 Hentons Oct 13 3 The Embankment 22,510 NHS Learning Academy Sep 13 Marlborough Street 21,042 PlusNet Jun 13 Wellington Plaza 20,885 Wage Day Advance Dec 13 Granary Wharf 20,805 Lhasa Nov 13 Aire Street 19,971 The Office Group Dec 13 No 10 Wellington Place 15,157 Shulmans LLP Mar 13 City Exchange 11,951 QA Training Jun 13 17 Marlborough Street 10,958 PlusNet Jun 13 Butts Court 10,741 Leeds Building Society Nov 13 Chadwick Street 10,230 Epiphany Apr 13 Out of town Kirkstall Forge 45,078 Zenith Mar 16 White Rose Office Park 16,000 Gorse Academies Trust Mar 16 Lawnswood Business Park 14,176 Brenntag UK Ltd Feb 16 2 City West 10,860 Slater & Gordon Jun 16 Wira Business Park 10,826 NHS Property Services Jun 16 Leeds Valley Park 10,128 Wates Mar 16 White Rose Office Park 10,000 Gorse Academies Trust Mar 16 One City West 16,122 Cascade HR Nov 15 Capitol Park 12,700 BDW Trading Dec 15 Thorpe Park 2100 11,529 Hain Daniels Group Dec 15 Thorpe Park 10,558 NCC Group Nov 15 Avalon, Leeds Valley Park 10,265 Smoothwall Sep 15 City West 12,306 Reed Elsevier Sep 15 Temple Point 13,134 Northern Gas Networks Aug 15 Progress Ho, Stanningley 12,333 Radio World Aug 15 Progress Ho, Stanningley Rd 10,291 Motor Mile Jan 15 West Park Ring Road 23,685 Search Laboratory Oct 14 Synergy 27 Gelderd Road 20,395 Tekla Dec 14 Headingley Office Park 10,957 Halcrow Group Jan 14 3200 Thorpe Park 10,651 NHS Clinical Commissioning Dec 14 Leeds Valley Park 81,911 Lowell Group Dec 13 White Rose Office Park 60,000 HSBC Oct 13 2200 Thorpe Park 18,269 Age Partnership Jun 13 Hetton Court, Hunslet 14,013 SRCL Jun 13 Killingbeck Drive 13,261 Leeds City Council Sep 13 Airport West 12,500 Romero Insurance Aug 13 Low Lane, Horsforth 11,750 Combined Selection Service May 13 Bowling Green Terrace 10,100 Keepmoat Jul 13 Capitol Park, Tomlinson Ho 10,800 Hermes Feb 13 Canon House, Apex Way 10,380 AQL (Leeds) Ltd Jun 13 Source: Economic Development, LCC

PROPERTY ON THE MARKET NB. Data not available after June 2015 The graph below shows the amount of industrial and office space being marketed over the last decade The chart below shows the amount of office premises being marketed in the Central Business Area and Core Area over the last decade

THE CENTRAL OFFICE MARKET Commentary by JLL, MAY 2016 The traditional prime office core has historically been regarded as an area bounded by Park Row, Wellington Street and Westgate/The Headrow. However, much of this stock is dated and listed and, as a consequence, has had difficulty in providing large scale office developments (50,000 ft²) with 10,000+ ft² floorplates. As a result, the office core has migrated in a south and westerly direction along Wellington Street and Aire Street, beyond Leeds City Station and south of the River Aire, where sites have been available. Indeed, in view of the substantial growth of Leeds over the last 25 years this migration now encompasses sites that were once regarded as being fringe and which have now seen significant office development activity. Current Supply: There is currently 150,000 ft² of brand new Grade A accommodation immediately available, with 900,000 ft² available overall. With regard to the availability of Grade B and Grade C accommodation, this totals some 450,000 ft² and 300,000 ft² respectively. The market does, however, prefer Grade A accommodation reflected by the fact that in any one year approximately 41% of all take up over the last 5 years is for this grade of space. There are currently five speculative office schemes under construction and which will be completed in 2016 and totaling some 547,000 ft². However, of this some 155,000 ft² has already been pre let to the likes of Squire Patton Boggs, PwC, Addleshaw Goddard and Equifax. Take up: The average take up of central Leeds offices over the last ten years has been circa 500,000 ft². 2014 take up was 540,000 ft² and in 2015 it was 680,000 ft² the largest lettings being 52,000 ft² to Addleshaw Goddard and 50,000 ft² to PwC. Take up in Quarter 1 2016 was 120,000 ft² the largest lettings being 38,500 ft² to Sky Bet and 25,500 ft² to RSM. Demand 2015: There is over 500,000 ft² of named occupier enquiries identified in excess of 10,000 sq ft, much of which is from the professional and financial services sector. Conclusion: Prime rents are currently 26.50 per sq ft, but with Grade A space under offer at 27.00 per ft². We forecast 28.00 per ft² to be achieved by the end of 2016.

LEEDS OUT OF TOWN COMMENTARY Key office parks, MAY 2016 There is a significant amount of Grade A supply in the out of town market, due to general decline in take up levels: 2007 285,000 2008 350,000 2009 230,000 2010 250,000 2011 280,000 2012 335,000 2013 490,000 2014 250,000 2015 270,000 Quarter 1 take up in 2016 was 140,000 ft² the largest letting being 45,000 ft² to Zenith at Kirkstall Forge. Thorpe Park, Junction 46/M1 has consent for up to 1.8 million ft² of offices. To date some 650,000 ft² has been developed and occupiers include National Grid, IBM, Regus, WS Atkins, VALAD, NHS, Balfour Beatty, BAM, Dr Oetker and a Shire Inn Hotel. The park benefits from some excellent on site amenities not to mention Colton Retail Park and Sainsbury s, which is in very close proximity. A planning application has now been secured for a 50,000 ft² cinema and 300,000 ft² of out of town retail. A 30,000 ft² speculative office building is under construction and available November 2016. City West, Junction 1, M621 with consent for up to 250,000 ft², some 95,000 ft² has been developed to date with 50,000 ft² being let to Reed Elsevier, Regus, Slater and Gordon and Alno. The remainder of the site is capable of supporting an additional 150,000 ft². Some 45,000 ft² is currently available to let. Leeds Valley Park, Junction 44, M1 Goodman developed speculatively some 120,000 ft² in the first phase with building sizes of 30,000 ft², 40,000 ft² and 50,000 ft². Key occupiers include BAE Systems, Arla and Ventura. A second phase of 140,000 ft² in two buildings of 60,000 ft² and 80,000 ft² was built speculatively. In 2013 the latter building was let to Lowell Group and in 2016 10,000 ft was let to Wates Construciton. White Rose Office Park consent for up to 500,000 ft². Key occupiers include 02, Inland Revenue, West Yorkshire Police and The Gorse Academy. Airport West, Harrogate Road, Yeadon consent for up to 150,000 ft². A first phase of 70,000 ft² has been sold/let to a range of occupiers who include Nunwood Consulting, Towergate Professional Services, Filtronic and Romero Insurance. Kirkstall Forge, Kirkstall Road CEG are building a 100,000 ft² Grade A office building following 45,000 ft² being let to Zenith. The building is situated adjacent to the newly built railway station.

RETAIL AND LEISURE DEVELOPMENTS 33m development around the Grand Theatre completed 2008 27m new Leeds Museum opened summer 2008 40m Broad Gate development on The Headrow completed 2008 15m new Civic Theatre ( Carriageworks ) completed 2005 13m casino and 5m conference centre at New Dock 350m Trinity Leeds retail redevelopment off Boar Lane completed spring 2013 30m The Core (former Headrow Centre) completed 2009 650m Eastgate Quarters retail development outline planning permission 80m Leeds Arena started May 2011 with completion 2013 21m Carnegie Pavilion at Headingley by Yorkshire Cricket Club completed 2010 10m Leeds Rugby south stand has received planning permission 12m Northern Ballet Theatre at Quarry Hill opened 2010 150m phase 1 of Victoria Gate under construction, with completion in 2016. Leeds South Bank The South Bank of the city centre, at 136 hectares represents one of the largest city centre regeneration Leeds South Bank initiatives in Europe. The scale of the potential regeneration opportunity is substantial, presenting one of the most exciting development opportunities in any UK city. The area The South is equivalent Bank of the in size city centre, to 190 at football 136 hectares pitches, represents with over one 36 of hectares the largest of city Brownfield centre land potentially regeneration available initiatives for in Europe. future development. The scale of the With potential its proximity regeneration to the opportunity River Aire is and substantial, over 30 presenting one of the most exciting development opportunities in any UK city. The area is equivalent in listed buildings in the area, there is potential to deliver distinctive and world class place making size to 190 football pitches, with over 36 hectares of Brownfield land potentially available for future in this area. development. With its proximity to the River Aire and over 30 listed buildings in the area, there is potential to deliver distinctive and world class place making in this area. Early estimates are that once developed, the South Bank can accommodate c35,000 jobs and accommodate Early estimates are over that 4,000 once new developed, homes. the Already South Bank completed can accommodate is the Southern c35,000 Entrance jobs and to Leeds Station accommodate which over opened 4,000 in new January homes. 2016 Already and completed there are is many the Southern more in Entrance the development to Leeds Station pipeline. There which opened have been in January major 2016 investments and there made are many in the more area in the in 2015, development with Vastint pipeline. acquiring There have the Carlsberg been major Tetley investments site in made their in only the area investment 2015, outside with Vastint of London, acquiring Commercial the Carlsberg Estates Tetley site Group in the Holbeck their only Portfolio, investment bsky outside and of the London, announcement Commercial by Estates Burberry Group that the they Holbeck will relocate Portfolio, bsky in the and area. The the announcement HS2 station will by Burberry also located that they in will the relocate South in Bank. the area. The HS2 station will also be located in the South Bank. The area is already home to: A range of UK headquarters including ASDA, aql, True North (the largest independent The area is already home to: television production company in the North), Bloom Media, Flashtalking and Elmwood plus A range regional of UK headquarters including ASDA, Eversheds, aql, True Ernst North &(the Young largest and independent DWF as well as the television new base production for Sky's company national in the digital North), solutions Bloom Media, centre, Flashtalking and Sky Bet's and Elmwood head office plus at Leeds regional Dock headquarters including Eversheds, Ernst & Young and DWF as well as the new base for Sky's national digital solutions centre, and Sky Bet's head office at Leeds Dock cultural attractions the Royal Armouries Museum and The Tetley, a new centre for contemporary cultural attractions art and the learning; Royal Armouries Museum and The Tetley, a new centre for contemporary art and learning; Leeds College of Building and the existing Leeds City College campus. Leeds College of Building and the existing Leeds City College campus. digital infrastructure including HUVnet and a new digital internet exchange; digital infrastructure including HUVnet and a new digital internet exchange; a rapidly growing hub for the city s creative, digital and tech industries, including Duke Studios; well established city living with a growing market

In the future it will be the home of: The new HS2 station, which together with the existing station, will be one of the busiest transport interchanges in the country and an international gateway; Improved infrastructure including superfast broadband, a major data centre and Leeds New Generation Transport system which will improve connectivity within Leeds South Bank and with the rest of the city; A new 3.5 hectare park; potential for further new educational provision; Housing suitable for families. Other Key Development Opportunities Major schemes currently progressing in the area include: Skelton Gate Templegate Developments A 72 hectare site adjacent to Jn 45 of the M1. The whole site Tower has potential Works for mixed use development 80m mixed including use residential, scheme commercial, including with 160 appropriate residential local units services. including housing suitable for families, due to start on site in June 2016 by Carillion. Leeds Valley Park Goodman high quality business park of 21.5 hectares close to M1 Junction 44. Iron 260,000 Works sq ft offices developed, occupiers A 73 unit include predominantly Arla Foods, Ventura, scheme, ING starting Car Lease. construction Further Grade in A Q1 offices available from 7,500 sq ft. 2016 by Igloo. Low Victoria Fold Embankment and Victoria Contemporary Bridge adjacent 312 brownfield unit residential sites covering scheme 4 hectares at Low fronting Fold the on the River Aire and close to the Inner Ring north Road. bank Airebank of the Developments Aire. The development (joint venture between aims to Caddick create Developments and Evans Property exemplary Group) have sustainable consent for 700 urban dwellings housing at Victoria not currently Embankment provided for through conversion of the Grade 2 in listed Leeds. Hunslet It comprises Mills and new one build to development, four-bedroom with low mixed use carbon houses development proposed at the Victoria and Bridge apartments, site. associated new open space and a new pedestrian/cycle bridge across the river linking to the tow path Clarence Road a site close to the Royal on the Armouries southern and bank. suitable for a range of uses including residential units, hotel, offices, ancillary retail, restaurants, bars, gallery space public space and car parking Burberry Burberry has announced the relocation of its manufacturing South Bank The eastern (city centre facilities fringe) part to the of Aire South Valley Bank, Leeds in includes an initial a number investment of major worth over development opportunities in the 50m. South Bank Initial area. plans A key include ambition the is to potential develop a restoration new City Centre of Temple Park, along with high quality mixed use Works development as part on adjacent of potential sites. future Major phases. opportunities include New Lane, Tetleys Brewery, and Bridge End/Meadow Lane. The City Council is working with all landowners and stakeholders to shape the future of this area. Since Allied London acquired the New Dock area Dandara A 744 Unit Private Sector Rented development due to which stands between the South Bank and the Royal Armouries, this exciting development is also a commence construction major factor in future development plans for the South Bank. Education Skelton Grange Hub RWEnpower previously developed site (former power station) covering 45 hectares with consent on western part for 850,000 sq ft industry and warehousing. Excellent access to the M1 via An nearby educational Junction 44. cluster has emerged immediately to the west of Hunslet Riverside comprising of the existing Leeds City College s Printworks Campus and a new campus for the Leeds College of Building, in the Stourton future Point there will Towngate be: Estates potential development site of 11 hectares with good access to the A61 and motorway network. The Ruth Gorse Academy, which will be the largest secondary free school in the country, EWS/Network A proposed Rail 22 University hectare brownfield Technical site College with frontage (UTC) at to the River Braime Aire, good Works road site, access teaching and rail advanced connection. manufacturing Site to be promoted and engineering, for mixed the residential, first of its commercial kind in the and city. industrial Leeds uses. UTC will open in 2016 and will specialise in Advanced Manufacturing and Engineering led by local employers Siemens, Copperfields Kodak Leeds and Agfa City Council with educational former school expertise site and from adjoining the University land totalling of Leeds 17.5 hectares; and Leeds City College. bounded The by East UTC Leeds is supported Link Road by and Leeds close City to Inner Council, Ring Road. EEF - Potential The Manufacturers for mixed use Organisation, development Leeds including Chamber substantial of residential. Commerce, Grant Thornton and over 25 local businesses. It is estimated that the cluster will provide education and training opportunities accessed by 10,000 students on a daily basis. These learning facilities will bring vitality to the South Bank and Hunslet For further information about opportunities in Aire Valley Leeds visit: www.leedsenterprisezone.com Riverside and can act as a catalyst for further residential development that can attract families.

Aire Valley Leeds Aire Valley Leeds is one of the most significant areas of investment opportunity in the Leeds City Region. Located immediately to the south east of Leeds city centre and bounded by the M1 and M621 motorways. The East Leeds Link Road provides a direct road link from the city centre through Aire Valley Leeds to M1 Junction 45. The River Aire and Aire & Calder Navigation canal run through the heart of the area. The regeneration area covers 1,300 hectares of land, including more than 400 hectares of potential development land, most of which is brownfield. Aire Valley Leeds has the potential to create up to 40,000 jobs, 12,000 new homes, social and green infrastructure, and improved public transport over the next 15 20 years. The area has a strong existing business base already home to 400 firms employing around 15,000 people, mainly in the manufacturing, wholesale and distribution sectors, along with more recent office and service employment in business park and waterfront locations. The area also includes existing residential communities with 6,500 residents in the Hunslet, Richmond Hill and city centre fringe areas, whilst also boardering Halton Moor and Osmondthorpe. Leeds Enterprise Zone is an unprecedented opportunity for business relocation and expansion. Situated at the heart of the city region it is one of the most significant areas of investment opportunity in the North of England. Including 142ha of prime development land capable of delivering 4.3m sq ft of new floorspace, the Enterprise Zone is strategically located immediately to the South east of Leeds city centre and bounded by the M1 and M621 motorways. The Enterprise Zone offers a range of benefits to companies looking for expansion in the Leeds City Region. Business rates discounts, Enhanced Capital Allowance and a soft landing package which includes access to grant funding linked to delivering new jobs are some of the benefits available in the zone. The four sites within the Leeds City Region Enterprise Zone are suitable for a range of sectors including modern manufacturing and related supply chain companies, distribution and logistics. The sites are: 1. Newmarket Lane Veolia Environmental s 180m Energy from Waste (EfW) plant is now fully operational. Site 2 options for the use of the site are being considered. Site 3A has been identified for paper pulping facility and a back up energy centre associated with a new District Heating Network (DHN) plant. Plot 3 Wilton Developments are delivering their Kinetic 45 scheme which includes a 60,000 sq ft, 12,000 sq ft and 11,000 sq ft building. The scheme is being developed speculatively and will be complete in December 16. 2. Thornes Farm Consisting of a number of small plots which have been disposed of by the Council, the site is now home to the following occupiers: Watershed Packaging Predator Nutrition Samuel Grant Limited Floorstore Direct Orion FedEx 50k sq ft Perspex Distribution ACS have acquired land fronting onto the A63 which they intend to deliver a new unit to allow them to relocate from their current site in Cross Green. In addition, a further site (Link 45) is being marketed by Gregory Developments. 3. Logic Leeds The site is capable of delivering 1.6million sq ft of new office, manufacturing and distribution uses, and is being delivered by Muse Developments Ltd. Amazon has taken an 80,000 sq ft unit which was built speculatively and John Lewis now occupy a 50,000 sq ft unit.

4. Temple Green Aire Valley Land Ltd (JV between Evans Property Group and Harworth Estates) Has planning consent for 2.6million sq ft for a range of employment buildings suitable for manufacturing and distribution. Remediation of phase 1 of the site is complete as are Infrastructure works which open up access to the remainder of the site. The site will accommodate a new 1,000 space park and ride facility which will provide a high quality, fast and frequent service to the city centre but also serving various stops throughout the Enterprise Zone. This is due to become operational in Spring 2017. Other Key Development Opportunities 5. Skelton Gate Templegate Developments A 72 hectare site adjacent to Jn 45 of the M1. The site provides the opportunity to deliver 1,800 2,000 new homes forming a new community alongside supporting neighbourhood facilities. A new Motorway Service area is also proposed on the southern part of the site. 6. Leeds Valley Park Goodman high quality business park of 21.5 hectares close to M1 Junction 44. 260,000 sq ft offices developed, occupiers include Arla Foods, Ventura, ING Car Lease. Further Grade A offices available from 7,500 sq ft. 7. Hunslet Riverside Providing a major opportunity for new residential development Citu are bringing forward schemes at Low Fold and Clarence Road. This includes a new factory for the offsite manufacturing of residential properties. The exciting scheme will deliver c600 new homes with opportunities to deliver other community facilities in the surrounding area. Airebank Developments (joint venture between Caddick Developments and Evans Property Group) own Hunslet and Victoria Mills and working with the Council are exploring development options for the site. 8. South Bank The eastern (city centre fringe) part of Aire Valley Leeds includes a number of major development opportunities in the South Bank area. A key ambition is to develop a new City Centre Park, along with high quality mixed use development on adjacent sites. Burberry s announcement to develop a new factory in the area and proposals for HS2 signify the beginnings of a transformational opportunity for the city. The City Council is working with landowners and stakeholders to shape the future of this area including Allied London, the owners of Leeds Dock, who have exciting plans to further develop the area as a major leisure destination. 9. Skelton Grange Harworth Estates have acquired the site and are seeking to bring forward an exciting employment scheme covering c45 hectares of land. 10. Stourton Point Towngate Estates potential development site of 11 hectares with good access to the A61 and motorway network. 11. Bridgewater Road 22 hectare brownfield site with frontage to River Aire and rail connection. Site to be promoted for mixed residential, commercial and industrial uses. 12. Copperfields Leeds City Council former school site and adjoining land totalling 17.5 hectares; bounded by East Leeds Link Road and close to Inner Ring Road. Potential for mixed use development including substantial residential. For further information about opportunities in Aire Valley Leeds visit: www.leedsenterprisezone.com

EMPLOYMENT LAND Leeds is the main employment centre in the City Region, accounting for just over a third of all jobs, with the city having the highest level of commuters travelling into its centre. Leeds is likely to create approximately 44,037 new jobs to 2026 and job offers will be open to both residents of Leeds and across the region. In order to meet this future job growth, the number of projected jobs has been converted into a future land requirement. Whilst the Core Strategy seeks to encourage the growth of a wide range of employment sectors, the focus of employment land within this section of the document relates to the employment floorspace and land provision needs for the following class employment sectors. B1 Business (B1a offices, B1b research & development, B1c light industry), B2 General Industrial and B8 Storage or Distribution (wholesale warehouses, distribution centres) EMPLOYMENT LAND AVAILABILITY The Council maintains an Employment Land Availability database which records and monitors the planning and construction details of employment sites with planning permission and allocations. The database contained a total of 429 current sites as at March 2013. The Leeds Employment Land Review (2010 Update) provides the evidence for the total land requirement of employment land required for the whole of the district over the Core Strategy plan period (2012 2028). The following requirements have been identified: General employment land (B2 B8 uses) a minimum of 493 hectares is required. Around 350 hectares exist in undeveloped planning permissions and allocations which may be suitable for allocation. This leaves a minimum residual requirement of 143 hectares of land to be identified as part of the Site Allocations Plan assessment process. Office floorspace a minimum of 706,250 sq m is identified and the provision will comprise of new and existing locations. Planning permissions on existing sites amount approximately to 840,000 sq m, however, over a third of the existing supply is located outside the City Centre resulting in further floorspace being needed to help prioritise the locating of offices in centres (and especially the City Centre to reflect its role as the regional economic centre). It is anticipated that current commitments, in the form of planning permissions which remain suitable, will be used to help meet the overall requirements identified above. However, in order to provide flexibility when determining renewals of existing out of centre office applications, 160,000 sq m of office floorspace will be identified in or on the edge of the city and town centres. This will bring the total additional office floorspace required up to 1,000,000 sq m.

MAJOR EMPLOYMENT SITES IN LEEDS The table below gives brief details of employment sites of 5 hectares or more in Leeds. There are currently 20 sites greater than 5 ha, accounting for 297 ha of supply. LOCATION WARD SITEAREA (ha) BROWNFIELD Bell Wood site (E4:9) off Pontefract Lane LS9 Burmantofts & Richmond Hill 59.92 Yes Thorpe Park, Selby Road LS15 Temple Newsam 34.75 No B2/B8 element Skelton Moor Farm, Pontefract Lane LS9 Temple Newsam 33.06 No S/O Skelton Grange Power Station LS9 Burmantofts & Richmond Hill 26.70 Yes Ph2 Hawks Park, North Newhold, Aberford Road, Garforth Garforth & Swillington 16.60 Yes Coney Park, Harrogate Rd, Yeadon LS19 Otley & Yeadon 16.50 Yes B1 element Skelton Moor Farm, Pontefract Lane LS9 Temple Newsam 13.00 No Off Tyersal Lane, Tyersal BD4 Pudsey 11.10 No Leeds Valley Park, Wakefield Road, Bell Hill LS26 S/O Wholesale Markets, Newmarket Approach LS9 Ex Woodside Quarries, Clayton Wood Road LS16 City & Hunslet 10.61 No Burmantofts & Richmond Hill 9.10 Yes Weetwood 8.86 Yes Trent Road, Torre Road LS9 Burmantofts & Richmond Hill 8.64 Yes Ph1 Warehouse, Hawks Park, North Newhold, Aberford Road, Garforth Residential scheme at former Vickers Defence factory, Manston Lane LS15 Garforth & Swillington 7.25 Yes Cross Gates & Whinmoor 6.30 Yes Sandbeck Lane, Wetherby LS22 Wetherby 6.28 No Stourton North LS10 Middleton Park 6.00 No HUB62 Bruntcliffe Road, Morley LS27 Morley South 5.94 No S/O Yorkshire Chemicals PLC, Kirkstall Road & land off Wellington Road LS3 City & Hunslet 5.93 Yes Former loco shed site off Royds Lane LS 12 Farnley & Wortley 5.44 Yes Pontefract Road, Rothwell Rothwell 5.03 Yes

EMPLOYMENT LAND DEVELOPED The Authority s Monitoring Report covers a series of planning indicators, including the amount of land and floorspace completed in each reporting year. This indicator includes city centre schemes which tend to have much higher densities than out of centre developments. Total new construction for employment has decreased from 38,370sqm to 15,625sqm characterised by a lack of large scale employment completions this year. During 2011/12, two single developments contributed 22,890sqm (60%) to the total development figures of 38,370sqm. This included an extension to the Arla Foods Dairy in Stourton (14,890sqm) and a change of use of a contract vehicle storage depot in Hunslet (8,000sqm). In contrast, the largest single developments in 2012/13 were new build workshops and office (2,400sqm) at Peckfield Business Park, Mickelfield, and a change of use from a vacant unit to a MOT testing station (1,620sqm) on Lotherton Way, Garforth. Despite the generally low level of B2/B8 activity, it is encouraging to record that B1a Office activity has almost doubled since last year. This included the erection of a four storey office block (1,300sqm) at the Cubic Business Centre, Stanningley Road, Stanningley. Completed floorspace 2012/13 by employment type Year B1 Office B1 Other B2 Industrial B8 Warehouse Total Floor Floor Floors Floor Area Area Area Area Area space space pace space (ha.) (ha.) (ha.) (ha.) (ha.) (sqm) (sqm) (sq m) (sqm) Floor space (sqm) 2008/09 6.24 51475 0.11 190 2.17 7550 1.86 4200 10.38 63415 2009/10 3.40 29140 0.00 0 1.91 8410 1.34 4620 6.65 42170 2010/11 2.68 5166 0.86 2340 11.10 3900 0.63 500 15.27 11906 2011/12 1.75 1680 3.25 1025 25.24 25695 2.60 9970 33.02 38370 2012/13 1.43 3230 0.20 600 3.16 7840 2.04 3955 6.83 15625 5 year ave 3.10 18138 0.88 831 8.72 10679 1.69 4649 14.43 34297 Note: Floorspace figures are gross internal area. Extensions not included.