Global technology company PEXA to establish new UK headquarters in Leeds

sets up its new headquarters at 114 Wellington Street in West Village, Leeds, and prepares to invest in the region and its workforce. West Village, which has been developed by Bruntwood, is a new workspace which is due to open in the autumn 2023. PEXA has taken more than 8,100 sq ft of space at the development and staff are expected to be working there by December 2023.

“Leeds is a key strategic location for PEXA, and its spirit of innovation and collaboration matches that of our business,” said PEXA Group managing director and chief executive officer, Glenn King.

A spokesman added: “The strong financial services sector in the city, with a presence from the Bank of England, Financial Conduct Authority and UK Infrastructure Bank, along with the depth of legal and professional

services firms, made a compelling case for PEXA’s decision to base its headquarters in Leeds."

PEXA launched its services into the UK last year, seeking to transform the UK’s 150-year-old conveyancing process. As part of its growth plans, PEXA has already invested AUD$100m in the UK, developing a new payments scheme in conjunction with the Bank of England and registration services with His Majesty’s Land Registry (HMLR).

The spokesman added: “Following the acquisition of Optima Legal in 2022, PEXA has become a significant employer in Yorkshire, with 65 per cent of PEXA’s 380 UK employees based in Leeds and around the region. PEXA will continue to invest in the workforce in Leeds and aims to foster ties with the local universities to access the diverse pool of talent and expertise they provide.”

Mr King said: “The region already has a vibrant financial services and tech scene, supportive local government, and great universities. It is the natural base from which we will grow and support our workforce around the country. We have ambitious plans to transform the UK’s property market for the better, and investing in our offices, technology and people in Leeds and Yorkshire is central to executing those plans.”

Mayor of West Yorkshire, Tracy Brabin, said: “I’m thrilled that PEXA is set to strengthen its place among our thriving technology hub by choosing West Yorkshire for its UK headquarters. Inward investment on this level is a gamechanger and this is a major vote of confidence in our region. I’m confident our partnership with PEXA will continue to deliver the high skilled, well-paid jobs our region needs, as we work to deliver a stronger, brighter West Yorkshire.”

Rob Valentine, Director of Yorkshire at Bruntwood Works, commented: “PEXA is a force to be reckoned with globally, and the business’ decision to choose West Village for its UK headquarters is a landmark deal for the region.”

PEXA have been advised and supported by Charles Parkinson from CBRE’s Advisory & Transaction Occupier team in Leeds.