Latest phase of major Leicester development hits the market

The development will meet the demand for high-quality office space in the city.

The proposals include 61,500 sq ft of high-quality office space
The proposals include 61,500 sq ft of high-quality office space

Consisting of 61,500 sq ft. of design and build office space, the No.4, Great Central Square office development is being bought to market by APB (Leicester) LLP and M1 Agency.


The No.4, Great Central Square office development - which consists of 61,500 sq ft. of design and build office space – is being brought to market by APB (Leicester) LLP and M1 Agency.


On the back of the completion and lettings of No.1 Great Central Square – at which tenants include Europcar, Arthur J Gallaghers and Tetratech - No.4 Great Central Square will offer occupiers the potential for highly efficient and sustainable Grade A office space located in the heart of Leicester city centre.


The new office space is situated at Great Central Square, which now consists of more than 30,000 sq ft of offices, two hotels in the Novotel and Adagio and Lane 7 leisure offering.


The brand-new office will be constructed of high-quality materials and feature a design which will flow throughout, creating premium office space which offers the latest standards of operational functionality.


The property will also benefit from external gardens, which will back onto the newly created Great Central Park, an area of public realm space sitting alongside a new residential apartments scheme creating an attractive and vibrant mixed-use development.


Reg Pollock, partner at APB, said: “Further to the success of No.1, it’s clear that Leicester city centre lacks functional and modern Grade A office accommodation within the heart of the city.


"No.4 is in a prime location, offering a wealth of parking, public open space and outstanding modern offices.

The latest phase of Leicester's Great Central Square has been announced
The latest phase of Leicester's Great Central Square has been announced

“This development will bring forward an office scheme like no other that has been seen before in Leicester.


"This mixed-use development with public open space will offer an unrivalled working environment."


In bringing forward the second phase, Charles Street Buildings Group – the developer behind the scheme - has focused on enhanced ESG and occupier well-being and amenity, with the scheme setting a new standard of Grade A office space within Leicester.


Toby Wilson, of M1 Agency, said: “The first speculative phase of office development at Great Central Square has proved to be a huge success and now fully let.


"No4 will look to build on this and take advantage of the pent-up demand we are experiencing in Leicester, which has continued to outperform many other cities within the East Midlands regions in terms of take up and office activity.


“The development maintains excellent connectivity and immediate access to the city centre and its vibrant offer.


"The delivery of No4 is an exciting next stage in the wider development of Great Central Square, targeted at both existing Leicester occupiers, or those more foot-loose but looking for best in class office space.”