New tenant for Leeds’ Electric Press

ADE UK will take 17,000 sq ft at Switch, the office space within the grade two-listed city centre building, on a 15-year lease at £32/sq ft.

Knight Frank acted as the agent on the deal for DTZ Investors, while the Institute of Contemporary Music Performance, part of ADE, was advised by Newmark.

ADE UK is a higher education provider that focuses on creative media and music.

Eamon Fox, partner and head of development at Knight Frank, commented: “Leeds has long had a reputation as one of the UK’s most innovative cities and a vibrant hub of northern creativity.

“On top of being renowned for its vibrant music scene, the city’s tech sector is growing at a rate more than double the national average, meaning areas such as gaming, film, animation and digital marketing – all of which are closely affiliated with the music industry – are booming…

“More generally, this letting is another excellent example of the influential role that educational establishments are now playing in Leeds city centre.

“Over the past two years, Leeds Trinity University has opened a new campus at Trevelyan Square in Boar Lane and the Mathematics School of Excellence has moved into bespoke space in Albion Street.

“This adds to the vibrancy of the city and to increased graduate retention.”