National firm of Chartered Surveyors Eddisons has relocated its Head Office to new premises in Leeds City Centre.
The firm has moved from Pennine House on Russell Street, its base for over 35 years, to Toronto Square which is located between Infirmary Street and Quebec Street.
They have agreed a 10 year lease for nearly 10,000 sq ft of the fourth floor.
Richard Roe, Managing Director of Eddisons said: ‘This is an important move, as part of the next phase of the company’s development.
‘The new premises provide an exciting and positive working environment, along with additional space, for our expanding head count.’
Eddisons vacated Pennine House following negotiations with BA Pension Fund, who have plans to redevelop the building for student accommodation.
CBRE and DTZ acted on behalf of property fund manager Highcross, owners of Toronto Square, a 90,000 sq ft BREAAM Excellent office building.
Highcross Associate Director, Iain Taylor commented: ‘Toronto Square’s convenient location in the heart of the city’s business district, high quality specification and strong environmental credentials, have been key factors in its appeal to major corporate occupiers.
‘Following this latest letting to Eddisons, the building will be more than 70% occupied.’
The interior fit-out and refurbishment was carried out by Leeds based Building Interiors.
Elsewhere, the firm’s London office, which has recently taken on eight new staff, is moving to larger premises in the City of London.
Meanwhile, the Bristol office has also completed a move to new offices within Bristol City Centre.
Eddisons was established in 1884 and employs a team of over 200 staff, working from 11 offices across the UK and Ireland.
They provide a range of services to banks, insolvency practitioners and owners and occupiers of commercial and residential property.
Richard joined Eddisons in 2003 and has been the Managing Partner since 2012, a role that sees him lead the strategic direction and development of the business under the ownership of Begbies Traynor Group plc. Richard has been instrumental in the growth of the business which has seen turnover more than double since 2008.
In addition to his role as Managing Partner, Richard continues to play a vital role with key clients, particularly in the banking sector, where he is a trusted adviser to major high street clearing banks. Over the last eight years, Richard has been appointed LPA Receiver on many high profile properties and assists in the recovery of distressed loan portfolios.
Prior to joining Eddisons, Richard worked in the real estate division of a 'Big Four' firm where his notable assignments included the privatisation of Saudi Telecom for flotation on the New York Stock Exchange.