Leeds Property Investor marks the launch of its latest 10 Year Strategy Plan for the Merrion Centre with its largest development project to date.
Leeds-based property investor and car park operator, Town Centre Securities PLC (TCS), has submitted a planning application for a 17-storey office and retail development at the Central Square in the Merrion Centre.
Over the last decade TCS have undertaken a phased redevelopment and refurbishment of the Merrion Centre transforming it into a busy, relevant, mixed-use destination. The company has invested more than £70M of capital in the last five years delivering a number of projects including the completion of the development of Merrion House, an ibis Styles Hotel with adjoining Arnold’s Restaurant & Bar and refurbished 1100 space CitiPark car park.
The proposed new building will sit above the Home Bargains store with plans including the creation of a new central welcome hub, co working offices and brand-new head office building for StepChange Debt Charity.
The building, currently known as 100MC, will offer over 10,000 sq ft of ground floor retail space for a refurbished Home Bargains store and 168,810 sq ft of commercial office space over 16 levels. It is anticipated that 100MC will be the place of work for circa 2000 people.
Edward Ziff, Chairman and Chief Executive of TCS, commented;
“We have identified considerable latent opportunity within our Merrion estate which we believe provides a platform for future growth and we are therefore delighted to submit this important planning application, launching our second 10-year strategy for the Merrion Centre.
“We firmly believe we are on the right track with Merrion and will continue to invest in and develop the asset, broadening our offer and delivering more for Leeds from this important mixed-use city centre destination. “We are also keen to communicate our unique history, achievements and transformation of the ultimate sustainable Centre, nationally and internationally and we are excited by this next phase.”
For more information visit www.tcs-plc.co.uk