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21 October 2021

Pentest People moves in to the Coach Works, Leeds

Award winning cybersecurity consultancy Pentest People has secured the entire top floor of offices at the newly refurbished Coach Works in Leeds city centre as it pursues further expansion following a 60% rise in revenue in the last twelve months.

Pentest People is the fastest growing independent security provider in the United Kingdom.  It has moved all its 70 strong team from existing premises at Round Foundry, Leeds which they have occupied for over twenty years but outgrown the space.

Andrew Mason, Co-Founder of Pentest People, said,

“Despite economic challenges of the last few years we have enjoyed major growth within the business including a new technical office in Cheltenham.  We have introduced new products including SecureGateway for homeworkers, a Dark Web Monitoring service and the Pentest People Red Team Assessment service. The business has grown considerably in recent months with projected growth dictating that we needed to move our headquarters quickly.

“We are really pleased to secure our new home at The Coach Works Leeds that is ideally located in the heart of Leeds’ Tech Hub and close to the train station. The refurbishment is exceptional with the top floor providing an inspiring workspace with cathedral like features. Furthermore, the landlord was able to deliver a rapid agreement process with a space readily connected for the technology we needed to be operational quickly and efficiently.”

The Coach Works is the result of major investment by Regional REIT to transform over 41,000 sq ft of Grade A workspace that was formerly known as Chancellor Court at 21 The Calls, Leeds.

The development is made up of two buildings, with current occupiers including St James Place Wealth Management.  It is located in a popular area now recognised as the Tech Hub of Leeds City Centre, surrounded by independent shops, bar and restaurants.

Ben Mitchell, Senior Asset Manager at LSPIM said,

“We are delighted to agree our first letting of 3,300 sq ft on the third floor following the extensive redevelopment of this prominent office building. Pentest People is exactly the type of occupier that we were hoping to secure in The Coach Works. We were pleased to be able to offer readily available space and to facilitate an unusually rapid deal process for occupation in a matter of weeks not months.”

Elizabeth Ridler, Partner at Knight Frank which is marketing The Coach Works, said: “The Coach Works redevelopment provides a raw backdrop of exposed features and high-specification fixtures that are popular with the creative and tech businesses clustered in the area. Considerable time and attention to detail has also been invested with major alterations made in consideration of the pandemic and safer environment expectations. Suites are available from just 3,250 sq ft up to 10,000 sq ft with the benefit of a striking shared reception and breakout spaces for creative collaboration.”

The rebrand to The Coach Works represents the interesting heritage of the site as the former coach works for Wallace and Arnold, one of the UK’s largest motor coach holiday tour operators.

The refurbished office suites over four floors offer VRF air conditioning, new raised access floors, LED lighting, inspiring breakout areas and newly refurbished toilets as well as new shower and changing facilities.  Exposed services and high-tech fixtures will differentiate the space to appeal to the technology, media and telecoms sectors as well as more traditional businesses looking for high quality, modern office space. The building has a very good city centre parking ratio and a bike store available on site.

The Coach Works is owned by Regional REIT and is part of its extensive UK property portfolio worth in excess of £700 million.  London & Scottish Property Investment Management (LSPIM) asset manages the portfolio on behalf of Regional REIT.

Suites from 3,250 sq ft up to 10,000 sq ft are currently available to let at The Coach Works.  Knight Frank and Cushman & Wakefield are marketing the scheme.