Re-fit funding boost for White Rose Park
Owner Munroe K has secured a £67m package from Lloyds Bank as it seeks to make the 28-acre Leeds business park carbon-neutral by 2030.
White Rose Park counts DAZN, Capita and the NHS as tenants. Munroe K saiud that it is aiming to achieve an overall minimum EPC A rating for all new and refurbished areas in the park.
A further 150 electric vehicle charging points will be installed by 2027, representing a 550% increase in available charging infrastructure at the site.
The refinance will also enable future development at the park, which is set to benefit from the opening of a railway station this year, offering journey times of five minutes into Leeds city centre and under an hour to Manchester.
David Aspin, chief executive at Munroe K, said: “White Rose Park has a successful history of attracting and retaining blue-chip occupiers, with many expanding their presence at the site.
“However, as our tenants set increasingly ambitious sustainability goals, they need a workspace that will help them to achieve this. Our investment in this upgrade will meet those needs and, with the opening of White Rose Railway Station coming soon, it will also further improve commuting options for their employees as well as access to new talent.
“The support from Lloyds Bank offers us the flexibility to invest in a bright future for White Rose Park.”
Richard Butterfield, relationship director at Lloyds Bank, said: “We’re proud to support Munroe K in its sustainability plans and its aims to become carbon neutral by 2030. The estate is home to some of Leeds’ largest employers and this investment will help to continue attracting and retaining employment opportunities in the region.”