The scheme will deliver social value through apprenticeships, work experience placements, educational activities and support for community projects, while sustainable reuse of furniture and materials from the site is expected to save around 80 tonnes of carbon and provide \u00a310,000 worth of donated equipment to charitable organisations.<\/p>\n Andrew Banks, Network Rail finance director, said:<\/strong><\/p>\n \u201cThe redevelopment of Princes Exchange will breathe new life into what is already an iconic building in a prime city location.<\/p>\n \u201cWe\u2019re proud to be providing upgraded space for Network Rail and train operator colleagues to support them to deliver great service for rail passengers in the north, while opening up this iconic property to the wider market.\u201d<\/p>\n Andrew Ferguson, interim chief executive of Platform4, Network Rail\u2019s property development company, said:<\/strong><\/p>\n \u201cWorking to maximise the value of rail land for both the railway and for wider public benefit is exactly what Platform4 was set up to do. At Princes Exchange, we\u2019ve worked with Network Rail and our other partners not only to deliver landmark office space for colleagues and businesses but also to unlock critical land, enabling rail growth in Leeds.\u201d<\/p>\n Network Rail and rail industry partners will occupy three floors, with the remaining five being fitted out to be commercially let from mid-2027.<\/p>\n Image credit: Network Rail<\/p>\n","protected":false},"excerpt":{"rendered":" A \u00a340 million upgrade of a striking eight-storey office building will create a new rail industry hub in central Leeds. Network Rail\u2019s transformation of Princes Exchange is under way, bringing the 108,576sq ft building beside Leeds station back into use. The project is funded by the Department for Transport and Network Rail and being delivered [\u2026]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[16013,16017,343,47,85],"tags":[],"class_list":["post-522175","post","type-post","status-publish","format-standard","hentry","category-general-interest","category-industry-news","category-infrastructure","category-rail-news","category-uk"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t<\/figure>\n