The UK’s leading car information expert expands its headquarters
08 Jun 2015
The UK’s leading car information experts, CAP Automotive Ltd, hasexpanded its Headquarter operations within Evans Property Group’s Capitol office building in Bond Court, taking its total Leeds City Centre space to around 14,500 sq ft.
CAP Automotive was founded in 1979 and is the industry-leading supplier of used car valuation data and other essential services for the UK motor trade and consumers. In November last year, the company was bought out by US firm Solera Holdings Inc, a leading provider of risk and asset management software and services to the automotive and property marketplace.
CAP Automotive has been within Capitol for nineteen years and around two thirds of its 166-strong workforce currently occupy 11,000 sq ft over the second and fourth floors. The new lease adds a further 3,500 sq ft of newly refurbished space on the third floor, taking their total space within the building to 14,500 sq ft over four wings, giving the business room to continue its expansion.
Evans Property Group recently undertook a comprehensive refurbishment programme at Capitol to create a new double height enlarged feature reception, external improvements to the windows and elevation, 20,000 sq ft of high quality office accommodation on the first and third floors in addition to a lift and stair core refurbishment and full common area modernisation.
CAP Automotive’s expansion follows the recent news that planning practice, Quod North, has relocated its Leeds office into Capitol, where Insurance company Lifesearch is also in occupation. Capitol forms part of Evans Property Group’s interests in Bond Court which include the newly refurbished Minerva office building and the forthcoming 90 bed 5* hotel. Evans is investing a total £20m in the regeneration of Bond Court which occupies the key central location connecting the city’s business and retail districts.
Ajay Handa, Finance Director at CAP Automotive Ltd said; “Capitol has long been a successful home for our business. Proximity to great transport links and the city centre make it an ideal location for our growing teams of office staff and Evans’ investment into the building and the surrounding area further strengthens its appeal. “
Alan Syers, Portfolio Director at Evans Property Group, said; “It is fantastic news that one of Leeds’ leading businesses has chosen to commit to the city with more office space within Capitol. Our ambitious plans to transform Bond Court into a stylish urban destination are right on track and it is great to see both new and existing occupiers supporting our vision.”
JLL and CBRE are agents on Capitol and CAP Automotive was represented by Sanderson Weatherall.