Wates has completed 11 and 12 Wellington Place for MEPC. Credit: Place North

Lloyds makes major Leeds office move

The banking group has taken 124,000 sq ft at the recently completed 11 & 12 Wellington Place, developer MEPC has confirmed.

Loyds employs 4,200 people in Leeds. They will begin to relocate from their current base at Lovell Park at the end of this year, with the transition complete by spring 2024.

Sharon Doherty, chief people and places officer at Lloyds Banking Group, said: “It’s a key part of our strategy to have the right spaces in the right places and we want everyone to love being in our offices.

“This means having the right facilities, tech and spaces as well as meeting our sustainability commitments, which are a critical part of our purpose.

“Leeds continues to be an important hub for Lloyds Banking Group and our new offices will help us to work brilliantly together and attract new diverse talent into our organisation.”

Paul Pavia, head of development at MEPC, said: “As one of the UK’s largest financial services organisations, we are thrilled that Lloyds Banking Group has chosen Wellington Place as its new Leeds home.

“This is a landmark deal for the Yorkshire market and at more than 120,000 sq ft is the largest office letting in the region in recent years.

“The 11 & 12 Wellington Place development has set a new standard for sustainable development in Yorkshire and beyond. Lloyds is committed to environmental sustainability and its decision to move to 11 & 12 Wellington Place is evidence of this. Lloyds was also attracted to our extensive amenity offer and our programme of social value and community activities.

“We are very much looking forward to welcoming Lloyds and its people to the neighbourhood later this year.”

Wates Construction has reached practical completion on the project in the last few weeks.

Lloyds will join Arup, which has committed to 36,000 sq ft at 11 & 12 Wellington Place, with further announcements expected on other new occupiers shortly.

Jeff Pearey, head of UK regional office agency at JLL, acted for long-time client Wellington Place on the letting.

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