Legal & General announces Odeon as leisure anchor for Leeds Regeneration Project.
Legal & General Capital (LGC) announces that ODEON is to become the leisure anchor for the new retail and leisure park at Thorpe Park Leeds. It has also confirmed that Boots has agreed a deal to join the retail line up.
These new lettings form part of phase two of Thorpe Park Leeds, which Scarborough international Properties (Scarborough) is developing in partnership with LGC, following its £162 million funding arrangement last year. GMI Construction, the construction contractor, has now started on site to deliver the 300,000 sq ft park which opens next autumn.
ODEON has secured a 44,000 sq ft unit for a ten-screen cinema which is to be located adjacent to, and above the boulevard of restaurants within the leisure cluster at Thorpe Park Leeds. Currently there is no cinema complex serving the East Leeds community with the nearest located in the city centre. Boots has taken a 15,000 sq ft store next to M&S Simply Food. A further five high street leisure operators are also close to securing space at Thorpe Park Leeds with legal agreements underway.
Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, Kier, Laing O’Rourke, Atkins, BAM and National Grid. The scheme is set to create a further 13,000 local jobs while potentially unlocking the construction of 7,000 new homes in the East Leeds area through the construction of the first section of the East Leeds Orbital Road, a key piece of road infrastructure.
Phase two is now well underway delivering a further 1.65 million sq ft of mixed use accommodation. This includes an additional 940,000 sq ft of Grade A office accommodation alongside the 300,000 sq ft shopping and leisure Park, as well as extensive parkland and sporting facilities. Redrow has also purchased a part of the site and announced plans to build 300 new homes.