MARSHALL’S MILL REFURB AND MORE

September 14 2011

MARSHALL'S MILL

txtools celebrates 10 years in business

Successful Leeds company txttools Ltd is celebrating 10 years in business with a move to a brand-new office in Marshall’s Mill, a Grade II listed building to the south of Leeds city centre.

Initially started as a one-man operation, the online company has grown to provide desktop messaging services to half of the UK’s universities and colleges as well as to the police and the government. The firm has also recently teamed up with US company Blackboard to deliver mass notification messages to clients in the UK and Ireland.

The relocation to the 3,900 sq ft space at the Igloo Regeneration development in the heart of Leeds’ creative business sector will provide modern infrastructure and up to 100Mb of new fibre internet connection. Igloo have been carrying out major new refurbishments at the mill, including a re-fit of three of the six floors, revealing some of the original brickwork, and the creation of a number of smaller office spaces.

Stephen McCann, VP and managing director of txttools, said: “It’s integral to our business to have access to the latest broadband technology and Marshall’s Mill offered us high-speed internet and contemporary office space, housed in a building steeped in history and charm; it’s the perfect package.”

BELVOIR: IT’S A GREAT TIME TO LET

Letting agency Belvoir, which has an office on Meanwood Road, has said now is the ideal time to get into the buy-to-let market.

The renting industry has boomed over the past few years with more interest in becoming a landlord due to the popularity of shows like ‘Homes Under the Hammer’ and ‘Property Ladder’ and the rise of the ‘Generation Rent’ young adults who believe they will never be able to buy their own home.

Robert Adams, owner of Belvoir Leeds North, said: “Current research indicates that demand will out-strip supply for much of 2011/2012. And with a study by Paragon Mortgages reporting that for the majority of landlords yields are up and void periods are down, now really does seem like a fantastic time to become a landlord!”

He added it is important that people are sensible about purchasing property and make sure they do enough research about their tenants and the location of where they are buying.

“I would encourage anyone who is in a position to do so to consider purchasing a property to rent,” he said. “Despite the horror stories, if you buy the right property and use a good lettings agency, buy-to-let can be a relatively hassle-free investment strategy.”

PLANS FOR NEW LEEDS HOTEL

A joint scheme has been proposed by Gregory Projects and Marshall Construction to build a 130-bedroom hotel and 5,000 sq ft office complex close to the railway station in Leeds city centre. If the proposal goes ahead, Premier Inn has already agreed to operate the hotel as part of its plan to expand towards south Leeds and in the vicinity of the railway station.

It is reported that the two companies have purchased the site on Whitehall Road from Town Centre Securities and are now working on a planning application for the scheme.

According to the Business Desk, Richard Tovey from Gregory Projects said: “This is a prime development opportunity that will draw interest from blue chip businesses seeking a very short walk to the railway station. The advanced agreement with Premier Inn reinforces the location values as well as Leeds’ capacity for more hotel accommodation.”

The news site also quoted Adam Cockroft of DTZ, which is appointed jointly with Weatheralls to market the office element, as saying: “Leeds remains one of Europe’s top business destinations and still enjoys healthy demand for high quality office accommodation, despite the economic downturn.”

The Whitbread-owned Premier Inn brand is currently undergoing a period of expansion, with the company also set to open a new hotel in Harrogate as part of the extension of the town’s International Centre.