Triangle 45, Leeds - Bridges Fund Management

    

    



	
	
	
	
	
	
	
	
	
	
	
	





















    
	            
			    
    



		
		    

    
    
    





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Triangle 45, Leeds

Positive site regeneration delivering high-quality industrial units for SMEs.

Investment Strategy

Property

Theme

Stronger Communities

Date of initial investment

February 2021

Bridges Executives

Guy Bowden

Thesis

In disadvantaged neighbourhoods – where there are high levels of unemployment and low rates of economic activity – the physical condition of buildings tends to decline, with little incentive in the area for investment.

However, by developing unused (or under-used) sites into flexible workspaces and industrial units, we can support SMEs and large businesses, and subsequently, drive much-needed employment generation and economic growth within the local community. In many cases, there is also the opportunity to refurbish or rebuild to higher sustainability standards, benefitting the environment and the well-being of those working in the property.

Investment

Triangle 45 is an 11.1-acre plot of development land at Pontefract Lane, Leeds. The site is part of a wider area granted planning permission for commercial development.

There is a strong demand for good quality industrial units due to the growth of online services. Our plan is to develop up to 25 high-quality small industrial units in a flexible configuration, to meet the needs of various SME occupiers and freeholders.

Outcomes

At Triangle 45, we are aiming to deliver employment space for up to 300 new jobs – helping to regenerate a vacant site in one of the 18% most deprived Local Authorities in England. Units will range from 4,000 to 33,000 sq. ft. and will be targeting BREEAM ‘Very Good’ with a minimum Energy Performance Certificate (EPC) rating of B. This is expected to reduce utility costs for tenants and minimise the development impact on the environment.