CHANNEL 4 CONFIRMS DEAL FOR THE MAJESTIC

Channel 4 has confirmed its deal with property company Rushbond Group to make The Majestic its new National HQ.

The broadcaster will occupy third, fourth and fifth floors, with teams from across the organisation based in the iconic building.

The Majestic first opened as a 2,400-seat cinema back in 1922, and has been redesigned and reconfigured to create 66,000 sq ft of office accommodation across seven floors.

Construction is due to complete in spring 2020. Channel 4 is scheduled to move into the new building later that year, and is currently occupying space in the West Gate development on Grace Street.

Mark Finch, real estate director at Rushbond, said: "Channel 4's commitment to the building is a testament to the ambitious vision of the Leeds City Region, as well as the excitement and interest in the next chapter of the Majestic story.

"The building offers an unparalleled opportunity for those looking to Leeds as a viable source for business growth, innovation and creativity. To be alongside a stellar brand such as Channel 4, within a Leeds icon like The Majestic, is a rather special opportunity."

Channel 4's chief commercial officer Jonathan Allan, who has overseen the relocation process for the broadcaster, added: "The Majestic is an iconic building which will put Channel 4 at the heart of the city. It's a very impressive development, and the perfect location for Channel 4's new national HQ.

"We're really pleased to be part of the regeneration of such a famous Leeds landmark and I know the Channel 4 team is really looking forward to moving in when the refurbishment is finished."

The Majestic scheme was designed by DLA Architecture and is being constructed by Sir Robert McAlpine. Knight Frank and JLL are joint marketing agents acting on behalf of the Rushbond Group. 

The deal with Channel 4 leaves four floors remaining to be let at The Majestic.