Prescient Capital has officially launched construction on the redevelopment of Wellington Plaza, a major office scheme in the heart of Leeds's premier business district.

Main contractor Clegg Construction has been appointed to deliver the transformation, which involves the demolition of the existing 1980s four-storey structure to make way for a striking new eight-storey, 80,000 sq ft Grade A office building.

Following planning approval in 2024, secured in partnership with Asset Capital, Prescient Capital subsequently acquired full ownership of the project. The scheme has since been rebranded as 31 Wellington Street, a name chosen to reflect its prominent corner location opposite Wellington Place and within walking distance of Leeds train station.

Designed to meet the evolving needs of modern occupiers, the development will offer excellent ESG credentials, targeting EPC A, BREEAM Outstanding, Fitwel 3 Star, NABERS 5 Star and WiredScore Platinum ratings.

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The internal layout is crafted to support flexible, hybrid working patterns, with floor plates ranging from 3,000 to 9,500 sq ft. Features will include a large entrance lobby and reception, co-working space, a sky lounge for events, a fitness suite, luxury changing facilities, and secure cycle storage.

Doug Friend, CEO of Prescient Capital, said: "We're delighted to now get this project underway. Leeds currently has a significant shortfall of prime workspace and this elevated ESG credential property is perfectly located and designed to assist in relieving some of that pressure.

"This also marks a return to the commercial office sector for me and Rob Randall, Prescient Chairman, having previously funded and managed over two million sq ft of Grade A office space across the UK."

The building's architectural design has been led by award-winning firm DLA Architects, with support from a multidisciplinary team including Roscoe (civil/structural engineering), Thornley & Lumb (services), BB7 (fire engineering), Hydrock (BREEAM and Fitwel), Ridge (NABERS) and AH Connections (WiredScore).

Prescient Capital has appointed Knight Frank, Fox Lloyd Jones, and Cushman & Wakefield as joint agents for the scheme.

Nick Salkeld, Partner at Fox Lloyd Jones, commented: "Fox Lloyd Jones is proud to be a part of the team bringing forward this exemplar development designed to the highest standards and current day ESG benchmarks. It is a truly unique landmark scheme for the Leeds office market offering boutique, high-end workspace in a prime West End location."

Site preparation works are already underway, with demolition scheduled to begin in September. The project is expected to complete by July 2027.