1 City Square, Leeds

Client
Danish Pension Fund

Location & Size
c. 107K sq ft of office space

Appointed
December 2018

Role
Asset, Property and Facilities Manager

Asset Management

  • A comprehensive CapEx programme of c. £8.1M completed in Q3 2021 including the redesign of the atrium and refurbishment of 4 office floors
  • A café and business lounge in the atrium opened in Q3 2022
  • The building stands at an occupancy rate of 84% with APAM’s target to let the vacant space at a new headline ERV of £35 psf+
  • Lease Events Managed: 13 new lettings, regears, renewals and rent reviews and we have added £23.2M in value to the asset.

Property Management

  • 100% of historic arrears including Covid arrears collected.
  • Current rent collection 100%.
  • Replacement of M&E during refurbishment together with new passenger lifts
  • Service charge budgets and reconciliations in line with RICS governance timescales

ESG

  • Recommendation, management and delivery of asset ESG strategy
  • Building EPC increased from D to B
  • A café, gym, cycle studio and business lounge provides social amenity

Recent Highlights

  • A letting of the refurnished ground floor completed in Q1 2023 (CAT B fitout) at £45 psf
  • Two lettings on the first floor (Cat A) completed in Q3/4 2022 at £34 psf
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