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M7 Real Estate Ltd (talk | contribs) m Updated building description, tenancy details and added section on IPSX listing Tags: Reverted Visual edit |
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==The building== |
==The building== |
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Bridgewater Place is a large office, retail, and residential mixed-use property completed in April 2007 that sits on a three-acre freehold site in a prime location in central Leeds. At 30 above ground storeys, it was the tallest property in Yorkshire until 2021 with a height of 112m (367 ft) to roof level. Originally, the tower was to have a spire which would have extended the height of the building to 137m (449 ft) but this was never built. It has since been exceeded by Altus House. |
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The construction was first announced in 2000 and, following several redesigns and delays with the construction process, began in 2004 and was completed in 2007, when it became the tallest building in Leeds by a significant margin, but it has since been exceeded by Altus House. Bridgewater Place has a height of {{convert|112|m|ft|abbr=on}} to roof level. Originally, the tower was to have a spire which would have extended the height of the building to {{convert|137|m|ft|abbr=on}}, but this was never built. |
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The Property comprises two separate but inter-connecting structures either side of a central atrium, with 15,587 sq. ft. of retail units on the ground and first floors and 234,711 sq. ft. of commercial office space from floors one to nine. A 20-storey residential tower of 198 apartments sits above the offices on the west wing spanning floors 11 to 30, with floor 10 used to house the mechanical plant. There are two levels of parking offering 268 spaces in the basement and at ground level. |
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Bridgewater Place has 32 storeys, of which two are used for car parking, ten for offices and twenty for residential use. There is {{convert|40000|m2|abbr=on}} of floor space in the building with 200 flats and 400 underground car parking spaces serving both the residential and commercial areas of the building. |
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Current office tenants include [[Eversheds Sutherland]], [[ |
Current office tenants include [[Eversheds Sutherland]], [[DWF LLP]], [[Ernst & Young]] and [[2plan wealth management]]. Other tenants include [[Tesco]], [[Starbucks]], Gym Factory, A.F. Blakemore & Son Limited and Tabeyo Limited t/a Juici Sushi. |
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The completion of the entire building was commemorated on Thursday 26 April 2007. A special episode of [[BBC Look North (Yorkshire and North Midlands)|Look North]], the BBC's local regional news programme was produced to commemorate the opening of the tower. The tower is illuminated at night with bright coloured lighting effects. |
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The Property benefits from excellent transport links by occupying a high-profile position fronting Victoria Road (the main arterial link between Leeds city centre and the M621 motorway) and close to Leeds Railway Station. |
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==Criticism== |
==Criticism== |
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The safety problems caused by the building have affected proposals for other high-rise developments in the city. In August 2016, when submitting plans for [[Bridge Street, Leeds|Bridge Street]], the developers stated that extensive wind tests were being undertaken to avoid 'another Bridgewater Place'.<ref>{{cite news|url=http://www.yorkshireeveningpost.co.uk/news/politics/leeds-supertowers-proposal-must-not-repeat-wind-tunnel-chaos-1-8080575 |title=Leeds supertowers proposal 'must not repeat wind tunnel chaos' |last=Iqbal |first=Aisha |work=[[Yorkshire Evening Post]] |date=22 August 2016 |access-date=30 November 2016}}</ref> |
The safety problems caused by the building have affected proposals for other high-rise developments in the city. In August 2016, when submitting plans for [[Bridge Street, Leeds|Bridge Street]], the developers stated that extensive wind tests were being undertaken to avoid 'another Bridgewater Place'.<ref>{{cite news|url=http://www.yorkshireeveningpost.co.uk/news/politics/leeds-supertowers-proposal-must-not-repeat-wind-tunnel-chaos-1-8080575 |title=Leeds supertowers proposal 'must not repeat wind tunnel chaos' |last=Iqbal |first=Aisha |work=[[Yorkshire Evening Post]] |date=22 August 2016 |access-date=30 November 2016}}</ref> |
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== IPSX == |
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'''[https://www.bwpreit.com/ BWP REIT PLC]''', a newly formed single asset company established to acquire Bridgewater Place announced in November 2022 that the Company had raised £35,000,000 from the issue of 35,000,000 new ordinary shares with a nominal value of 10 pence each at an issue price of 100 pence per share. |
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The entire issued ordinary share capital of the Company was admitted to trading on the Wholesale segment of the International Property Securities Exchange (“'''[https://www.ipsx.com/ IPSX]'''”) with the new Ordinary Shares representing c. 99.9 per cent. of the issued ordinary share capital on Admission. Admission and dealings commenced at 9.00 am on 16 November 2022. |
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In connection with the application for Admission, the Company prepared an admission document which has been published and is available at '''[https://www.bwpreit.com/ www.bwpreit.com]''' |
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The capital has been raised from a number of institutional and family office investors. Upon Admission M7 Real Estate Ltd (“'''M7'''” and together with its subsidiaries, the “'''[https://www.m7re.eu/ M7 Group]'''”), either directly or through its affiliates, will own c.18.4% of the Company’s share capital. |
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The Ordinary Shares will trade under the ticker ‘BWP’. The ISIN number of the Ordinary Shares is GB00BQ1NFW69 and the SEDOL code is BQ1NFW6.WH Ireland Limited (“'''WH Ireland'''”) acted as IPSX Lead Adviser and Settlement Agent. |
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On Admission, BWP REIT became the third company to be admitted to trading on IPSX. The platform is a FCA Regulated Investment Exchange and the world’s first such exchange dedicated to single asset real estate companies and those owning multiple assets with commonality. IPSX Wholesale is reserved for institutional and qualified professional investors, while the IPSX Prime segment of the market is open to all investors and aims to give retail investors the ability to acquire tradable shares in institutional quality real estate assets. |
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==Gallery== |
==Gallery== |
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Revision as of 16:02, 30 November 2022
| Bridgewater Place | |
|---|---|
 | |
 | |
| General information | |
| Status | Completed |
| Type | Skyscraper[1] |
| Location | Leeds, England |
| Coordinates | 53°47′31″N 1°32′52″W / 53.7920°N 1.5479°W |
| Estimated completion | 2006 |
| Opening | 2007 |
| Height | |
| Roof | 112 m (368 ft) |
| Technical details | |
| Floor count | 32 |
| Floor area | 40,000 m2 (430,000 sq ft) |
| Design and construction | |
| Architect(s) | Aedas |
| Developer | KW Linfoot |
| Main contractor | Bovis Lend Lease |
Bridgewater Place, nicknamed The Dalek,[2][3] is an office and residential skyscraper in Leeds, West Yorkshire, England. It was the tallest building in Yorkshire at the time of being topped out in September 2005, but is now the second-tallest after another Leeds building, Altus House. Bridgewater Place is visible at up to 25 miles (40 kilometres) from most areas.
The building
Bridgewater Place is a large office, retail, and residential mixed-use property completed in April 2007 that sits on a three-acre freehold site in a prime location in central Leeds. At 30 above ground storeys, it was the tallest property in Yorkshire until 2021 with a height of 112m (367 ft) to roof level. Originally, the tower was to have a spire which would have extended the height of the building to 137m (449 ft) but this was never built. It has since been exceeded by Altus House.
The development was designed by Aedas Architects with the developer being Landmark Development Projects and St James Securities with Bovis Lend Lease being the contractor.[2] The developer of the residential element of Bridgewater Place was KW Linfoot.
The Property comprises two separate but inter-connecting structures either side of a central atrium, with 15,587 sq. ft. of retail units on the ground and first floors and 234,711 sq. ft. of commercial office space from floors one to nine. A 20-storey residential tower of 198 apartments sits above the offices on the west wing spanning floors 11 to 30, with floor 10 used to house the mechanical plant. There are two levels of parking offering 268 spaces in the basement and at ground level.
Current office tenants include Eversheds Sutherland, DWF LLP, Ernst & Young and 2plan wealth management. Other tenants include Tesco, Starbucks, Gym Factory, A.F. Blakemore & Son Limited and Tabeyo Limited t/a Juici Sushi.
The completion of the entire building was commemorated on Thursday 26 April 2007. A special episode of Look North, the BBC's local regional news programme was produced to commemorate the opening of the tower. The tower is illuminated at night with bright coloured lighting effects.
The Property benefits from excellent transport links by occupying a high-profile position fronting Victoria Road (the main arterial link between Leeds city centre and the M621 motorway) and close to Leeds Railway Station.
Criticism
Aesthetics
In 2008, Building Design, the architectural journal, shortlisted Bridgewater Place for its annual Carbuncle Cup, which is awarded to 'buildings so ugly they freeze the heart'.[4][5]
Safety issues
The building's shape accelerates winds in its immediate vicinity, knocking over pedestrians and even vehicles. One person suffered a torn liver and internal bleeding, and cuts requiring 11 stitches, and a buggy with a three-month-old child was pushed out into the road by a sharp gust.[6] In March 2011, a man was killed by a lorry overturned on him by a gust.[7] The Crown Prosecution Service advised against bringing charges of corporate manslaughter against the architects, Aedas.[6] However, at the inquest in December 2013 Leeds Deputy Coroner Melanie Williamson recommended the roads nearby should be closed to vehicles when wind speeds exceeded 45 mph (72 km/h; 20 m/s). This was done on 6 December, though pedestrians continue being injured by being blown over.[8]
These winds have led to the roads around the building being closed for safety reasons when the wind speed is above 45 mph.[9] Leeds City Council arranges for staff to be present to provide assistance when roads and footpaths are closed.[10]
To rectify these issues in the design may require the addition of 'vertical fins' to the facade of the building.[11] In December 2016, the owners of the building were required to pay £903,000 towards the costs of the wind deflection works.[12]
The safety problems caused by the building have affected proposals for other high-rise developments in the city. In August 2016, when submitting plans for Bridge Street, the developers stated that extensive wind tests were being undertaken to avoid 'another Bridgewater Place'.[13]
IPSX
BWP REIT PLC, a newly formed single asset company established to acquire Bridgewater Place announced in November 2022 that the Company had raised £35,000,000 from the issue of 35,000,000 new ordinary shares with a nominal value of 10 pence each at an issue price of 100 pence per share.
The entire issued ordinary share capital of the Company was admitted to trading on the Wholesale segment of the International Property Securities Exchange (“IPSX”) with the new Ordinary Shares representing c. 99.9 per cent. of the issued ordinary share capital on Admission. Admission and dealings commenced at 9.00 am on 16 November 2022.
In connection with the application for Admission, the Company prepared an admission document which has been published and is available at www.bwpreit.com
The capital has been raised from a number of institutional and family office investors. Upon Admission M7 Real Estate Ltd (“M7” and together with its subsidiaries, the “M7 Group”), either directly or through its affiliates, will own c.18.4% of the Company’s share capital.
The Ordinary Shares will trade under the ticker ‘BWP’. The ISIN number of the Ordinary Shares is GB00BQ1NFW69 and the SEDOL code is BQ1NFW6.WH Ireland Limited (“WH Ireland”) acted as IPSX Lead Adviser and Settlement Agent.
On Admission, BWP REIT became the third company to be admitted to trading on IPSX. The platform is a FCA Regulated Investment Exchange and the world’s first such exchange dedicated to single asset real estate companies and those owning multiple assets with commonality. IPSX Wholesale is reserved for institutional and qualified professional investors, while the IPSX Prime segment of the market is open to all investors and aims to give retail investors the ability to acquire tradable shares in institutional quality real estate assets.
Gallery
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Side view of the Bridgewater Place development under construction -
View of the Bridgewater place from Doubletree hotel -
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Contrast of old and new architecture in the area -
Height of Bridgewater Place compared to the height of other existing and approved tall buildings in Leeds
See also
Notes
- ^ Under the Emporis Standards Committee, a skyscraper is defined as a multi-storey building which is at least 100 m tall. Any building from 35 m to 100 m tall is generally considered to be a high rise building.[citation needed]
- ^ a b "Building - 734 - Bridgewater Place - Leeds". SKYSCRAPERNEWS.COM. Retrieved 2 August 2008.
- ^ "Why we should all love Leeds's Dalek". Yorkshire Evening Post. Retrieved 27 November 2009.
- ^ "A Bridgewater too far?". BBC Leeds. Retrieved 11 February 2009.
- ^ "Who will get the wooden spoon in BD's Carbuncle Cup this year?". BD: The architects' website. 3 October 2008. Retrieved 11 February 2009.
- ^ a b "'Killer towers': how architects are battling hazardous high-rises". The Guardian. 14 August 2014. Retrieved 12 September 2020.
- ^ "Police investigate 'Dalek' after man killed by overturned lorry". Telegraph. 11 March 2011. Retrieved 18 March 2011.
- ^ "Bridgewater Place inquest: Coroner calls for road closure". BBC News. 3 December 2013. Retrieved 12 September 2020.
- ^ "The answer is blowing in the wind". Yorkshire Post. 10 July 2008.
- ^ Leeds City Council, Roadworks and closures, accessed 10 March 2022
- ^ "Fins may solve Aedas towers wind grief". Architects Journal. Retrieved 10 July 2008.
- ^ "Leeds' Bridgewater Place owners to foot £900,000 wind bill". BBC News. 1 December 2016. Retrieved 26 April 2017.
- ^ Iqbal, Aisha (22 August 2016). "Leeds supertowers proposal 'must not repeat wind tunnel chaos'". Yorkshire Evening Post. Retrieved 30 November 2016.
External links
- Aedas Official Website
- Views of and from Bridgewater Place on Lovin' Leeds
- Skyscraper News article on Bridgewater Place
- Bridgewater Place page on Leeds Cityscape
- Website of artists making atrium sculpture
- BBC Article on the completion of Bridgewater Place
- BBC News broadcast covering the sculpture
- Local newspaper covering wind deflection work
- [1][permanent dead link] PDF floor plans of some of the residential parts of the building
