Town Centre Securities (TCS), a property investor based in Leeds, UK, has submitted a planning application for a 17-storey office and retail development at the Central Square in the Merrion Centre, its largest development project to date.
This also marks the launch of the company’s 10-year strategy plan for the Merrion Centre.
Over the last decade, TCS has taken up a phased redevelopment and refurbishment of the Merrion Centre, transforming it into a mixed-use destination.
In the last five years, the company has invested more than £70m delivering a number of projects. These include the completion of the development of Merrion House, an ibis Styles Hotel with adjoining Arnold’s Restaurant & Bar and refurbished 1,100 space CitiPark car park.
The proposed building will be located above the Home Bargains store. The plans include the creation of a new central welcome hub, co-working offices and new head office building for StepChange Debt Charity.
Currently known as 100MC, the building will offer more than 10,000ft² of ground floor retail space for a refurbished Home Bargains store and 168,810ft² of commercial office space over 16 levels.
The new building is expected to accommodate a total of 2,000 workers.
TCS chairman and CEO Edward Ziff said: “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.”
Image: Merrion Centre in Leeds, UK. Photo: Courtesy of Town Centre Securities PLC.