17 April 2019

Report highlights economic and social impact of Wellington Place development

On Wednesday 10 April, property manager and developer MEPC hosted an event to present the newly released report “The Economic and Social Story of Wellington Place”.

A panel bringing together key development stakeholders, as well as the report’s lead researcher was there to discuss the contribution of the development on the City of Leeds in terms of its economic, social and environmental impact.

Amanda Beresford attended the event on behalf of Shulmans, where she highlighted how employees of resident businesses can benefit from the first-class facilities and inclusive activities based on the site.

Commenting after the event, Amanda said “The majority of businesses at Wellington Place have experienced growth since they relocated and Shulmans is no exception. The firm is located at a single site – 10 Wellington Place – and has grown significantly since our move in 2014, with close to 250 staff now being based here. Our office location has undoubtedly had an impact on Shulmans’ ability to attract high quality talent to the firm.”

The development is one of the most successful City Centre regeneration projects in the UK, with high levels of expansion reported among its occupants and more than half of the jobs created being taken by people from the local community. The report also identified a ripple effect on the areas surrounding Wellington Place, with further regeneration projects taking place across Leeds’ west end.

Building work at the site is ongoing, and once the new regional Government Hub opens there will be over 11,000 employees working at Wellington Place. These offices are due to be completed within the next 12 months, with HMRC and NHS Digital staff swelling the development’s occupancy from its current level of 4,800 employees.

Once the site is fully occupied, the researchers estimate that one in 10 jobs in central Leeds will be based at Wellington Place.

Amanda concluded “We are proud to be part of this vibrant and thriving community and we look forward to seeing how the site will develop over the coming months and years.”

For coverage of the report from the Business Desk, click here.