Leeds is the largest city in Yorkshire and lies in the centre of a metropolitan region comprising eleven local authorities, with a population of almost 3 million people and a labour force of almost 1.5 million people.
Leeds is one of the fastest growing cities in the UK with a population of 771,000, and generates one fifth of the region’s tourism economy. Tourism is a major contributor to the economy in the Yorkshire region, attracting 40 million visitors per year. In 2015, Leeds was a host city for the Rugby World Cup attracting thousands of additional tourist to the city.
Education is a key driver of the city’s economy. Leeds is home to two major universities and a student population of over 65,000. Leeds is centrally located in the UK, offering direct road links to London, Edinburgh, the east and west coasts, as well as a direct rail link to London. It is also linked to major European business destinations via the Leeds Bradford International Airport.
Leeds has a vibrant, historic city centre, home to one of the country’s largest pedestrianised shopping areas.
Land Securities’ Trinity Leeds was the only major shopping desination to open in the UK in 2013. The scheme comprises 120 shops and restaurants and is anchored by Marks & Spencer and Primark. Victoria Gate is the newest development in the city due to open in 2016, which will host one of the biggest John Lewis stores outside London.
The Corn Exchange offers boutique shopping and fine dining in a Grade 1 listed Victorian building in the city centre, and hosts fashion and cultural events throughout the year.
Briggate and the Victoria Quarter
Briggate is the principal pedestrianised shopping street in the city centre. It is home to the Victoria Quarter, an ornate nineteenth-century arcade which features more than 70 luxury fashion and lifestyle brands, including the first Harvey Nichols outside of London. Highstreet retailers located on Briggate include House of Fraser, Debenhams, Zara and American Apparel.
WHITE ROSE CENTRE
The White Rose Centre, situated on the southern outskirts of the city, is home to over 100 shops and restaurants, with tenants including Debenhams, Primark, Marks & Spencer, Topshop, H&M and Zara.
The Light is a shopping and leisure centre in the city centre incorporating a multiplex cinema, fitness club and hotel. It regularly hosts events including fashion shows and live music.
Opened in spring 2013, Trinity Leeds has transformed the retail offer within the city centre. The scheme comprises a cinema, restaurants, and 120 retail units including Hollister, Primark, Next, H&M and Marks and Spencer.
|SHOPPING CENTER TO WATCH OUT FOR|
|Center Name||VICTORIA GATE|
|Total Size (Sq.m)||42,000 sq m|
|- Retail GLA|
|- Leisure/Entertainment GLA|
|Planned Opening Date||2016|
|Consumer Profile||Shoppers, tourists, locals|
|Description||Victoria Gate arcade will link Victoria Quarter to the John Lewis store and will comprise of high quality retailers, restaurants, cafes and leisure space.|
|KEY AREAS / STREETS/SHOPPING CENTERS||CONSUMER PROFILE||MAJOR RETAILERS PRESENT||NEW ENTRANTS||TYPICAL RENT FOR UNIT OF 2,000 SQFT||RANGE OF UNIT SIZES|
|Victoria Quarter||Premium, high end||Kuoni, LK Bennett, Paul Smith||Michael Kors||£275,000||200-4,000 sq ft|
|Briggate||Mass market||Republic, Fat Face, American Aparell , Gap||Lloyds, Zara Home||£250,000||500-100,000 sq ft|
|Commerical Street||Mass market||EE, Vodafone, Clarks||Lush||£180,000||500-8,000 sq ft|
|Trinity||Mass and premium market||Armani Exchange, H&M, Hollister, Adidas||Coast, Kiko Milano||£275,000||150-40,000 sq ft|
Data as of September 2015
The city centre is home to a vast assortment of restaurants to suit all tastes and budgets, including Anthonys, Raymond Blanc’s Brasserie Blanc, and Fourth Floor at Harvey Nichols in the Victoria Quarter. Both the Greek Street area and The Light are dining destinations in their own right, with the latter oriented towards bars and restaurant chains.
Granary Wharf is a mixed-use development adjacent to Leeds railway station, offering fine dining in an attractive waterside setting.
Three Michelin-starred restaurants are situated to the north of the city: Marco Pierre White’s Box Tree in Ilkley, theBurlington at Bolton Abbey, and the Yorke Arms in Ramsgill-in-Nidderdale.
|KEY AREAS||CONSUMER PROFILE||FOOD & BEVERAGE OPERATOR INCLUDING||RENT FOR 3,500 SQFT UNIT|
|Greek Street/Park Row||Tourists, local shoppers, local business density||Gaucho, Giraffe, Jamie’s Italian, Wagamama.||£950,000|
|Corn Exchange||Tourists, local shoppers, local business density||Anthony’s, Primo’s Gourmet Hotdogs, Las Iguanas, Zizzi, Reds BBQ||£110,000|
|The Light||Tourists, local shoppers, local business density||Browns, Café Rouge, Nandos, Starbucks||£110,000|
|Granary Wharf||Tourists, local shoppers, local business density||Wasabi Teppan Yaki, The Hop, Fezenda||£70,000|
|Trinity Leeds||Tourists, local shoppers, local business density||Crafthouse, Alchemist, Cosmo, Pho, Wagamama||£150,000|
Data as of September 2015
Nicola Harrington, BSc hons MRICSAssociate – UK National Retail Services
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