Insurance firm seals West Village agreement.

TLDR:

Key Points:

• QBE, a major insurance and insurtech business, has agreed to a deal at Bruntwood SciTech’s West Village in Leeds.
• The company will relocate and expand its employee base to the city center hub, which is designed to encourage innovation and collaboration.

Bruntwood SciTech’s West Village in Leeds has attracted a major insurance and insurtech business, QBE, to its workspace. The company, with operations in 27 countries, is set to move into a 37,000 sq ft space at West Village, where a £20m redevelopment is underway. The initiative aims to foster innovation and collaboration among high-growth businesses in the region.

QBE’s decision to choose West Village as its technological development hub highlights the region’s attractiveness to leading insurers. The move signifies the company’s commitment to sustainability, modernization, and employee wellbeing. CBRE’s Occupier Services team facilitated the deal, emphasizing QBE’s shift towards sustainable and amenity-rich spaces in the city center.

With 75% of workspace at West Village already pre-let, including to firms like PEXA and Advisory Insurance Brokers, the development is shaping up to be a hub for innovative and forward-thinking organizations. The collaboration and knowledge-sharing opportunities at West Village are expected to further drive growth in the region’s tech and insurance sectors.