Greencore Signs 40,000 Sq Ft Leeds Office

Greencore takes 40,000 sq ft at Broad Gate Leeds on a 15-year lease in one of the city’s largest office transactions of the past year, bringing hundreds of staff to The Headrow

FTSE 250 convenience food manufacturer Greencore has signed a 15-year lease for 40,000 sq ft of office space at Broad Gate Leeds, in one of the city’s largest office transactions of the past year. The deal, advised by Knight Frank for Greencore and Colliers for the landlord, will see the company relocate to the 300,000 sq ft mixed-use development on The Headrow. Eamon Fox, partner and head of Knight Frank’s Leeds office, said the move will bring hundreds of highly talented people to work in the city. Greencore already had a small serviced office presence at Broad Gate Leeds through Orega on the second floor and this 40,000 sq ft commitment represents a major upgrade to permanent, long-term space.

Why This Matters For Leeds

A FTSE 250 company signing a 15-year lease for 40,000 sq ft is a statement of long-term commitment to Leeds. Greencore joins Yorkshire Building Society, KPMG, and Emovis at Broad Gate, reinforcing The Headrow as part of the city’s prime office core. The deal is significant in the context of the Grade A supply shortage: with prime vacancy at just 1.17 per cent, a 40,000 sq ft letting absorbs a substantial portion of available space. For the city’s economy, hundreds of Greencore staff working in the centre generates demand for services, hospitality, and talent.

Why Greencore Chose Broad Gate Leeds

Broad Gate has undergone a programme of investment including the refurbishment of its reception area and the addition of a rooftop terrace, designed to meet growing occupier demand for modern workplace amenities. The 300,000 sq ft flagship development comprises six floors of Grade A office space including penthouse offices, together with four prime retail units. The building offers large floor plates of over 40,000 sq ft on a single level, shower and locker facilities, and the rooftop terrace. Fox described Greencore’s decision as a powerful vote of confidence in the city’s energy, ambition, and potential, adding that Leeds is a place where talent thrives, ideas accelerate, and businesses can take flight.

“Greencore’s decision to open an office in Leeds is a powerful vote of confidence in the city’s energy ambition and potential. This move will bring hundreds of highly talented people to work live contribute and enjoy our vibrant city. This level of investment is a genuine catalyst for growth.”

— Eamon Fox, Partner and Head of Leeds Office, Knight Frank

One of the Biggest Deals of the Year

The Greencore letting is one of the most significant office transactions in Leeds in the past 12 months by floor area. The 15-year lease with a 10-year break option signals the kind of long-term occupier commitment that landlords and investors look for when assessing market confidence. Broad Gate was formerly the home of Lewis’s, the first department store in Leeds, built in 1932. It now houses a roster of corporate occupiers alongside Greencore. The deal adds to a pattern of major lettings at refurbished Leeds buildings, consistent with Savills’ finding that refurbished space now achieves rents of £40 per sq ft or above – a figure that was considered a prime headline just 12 months ago. Knight Frank and Colliers are joint letting agents on Broad Gate.