White Rose Park set for refit after £67m funding secured

Leeds’ White Rose Park, which counts DAZN, Capita and the NHS among its tenants, is set to undergo a major refit after its owner secured a £67m funding package from Lloyds Bank.Munroe K, a property development and investment business, secured the funding to make the site carbon neutral by 2030.The work on the 28-acre estate will support Munroe K’s aim of achieving an overall minimum EPC A rating for all new and refurbished areas in the park. It is also targeting an ‘Excellent’ Building Research Establishment Environmental Assessment Method (BREEAM) certification.In addition, a further 150 electric vehicle charging points will be installed by 2027, representing a 550 per cent increase in available charging infrastructure at the site.The refinance will also enable future development at the park, which is set to benefit from the opening of the White Rose Railway Station this year. The station will connect employees based at the park to the main Transpennine route into Leeds city centre in around five minutes and to Manchester in under an hour.David Aspin, chief executive at Munroe K, said: “White Rose Park has a successful history of attracting and retaining blue-chip occupiers, with many expanding their presence at the site.”However, as our tenants set increasingly ambitious sustainability goals, they need a workspace that will help them to achieve this. Our investment in this upgrade will meet those needs and, with the opening of White Rose Railway Station coming soon, it will also further improve commuting options for their employees as well as access to new talent.”The support from Lloyds Bank offers us the flexibility to invest in a bright future for White Rose Park.”Richard Butterfield, relationship director at Lloyds Bank, added: “We’re proud to support Munroe K in its sustainability plans and its aims to become carbon neutral by 2030. The estate is home to some of Leeds’ largest employers and this investment will help to continue attracting and retaining employment opportunities in the region.”