Council leaders agree new terms for Eastgate development deal to secure John Lewis store

Leeds City Council’s executive board has agreed to amend the terms of its agreement with developer Hammerson in order to secure a John Lewis anchor store at the proposed Eastgate Quarters retail development.

News of the agreement came in a report from Cannes where a Leeds City Region delegation is attending the international investment and property conference MIPIM.

“Delegates heard that Leeds City Council’s executive board has agreed the principal terms of a new development agreement with Hammerson, the developer of the Eastgate Quarters scheme, that could bring forward the building of a John Lewis store on the site,” said a report from Ian Briggs, Yorkshire editor of The Business Desk, the official news partner of the delegation.

There has been no word of the agreement from the council itself.

The executive board discussed the amended terms of the agreement at a meeting yesterday (7th March). For the background, click here.

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