ISG has been confirmed for the first phase of a major build to rent redevelopment of the former Yorkshire Post site in Leeds city centre
The 4.6-acre redevelopment site was cleared in 2014 and work will now begin on the initial 18-storey block which will house 242 apartments.
The entire block has been forward sold to Grainger, a market leader in the build to rent sector. Grainger will own and manage the development.
Due for completion in early 2021, the tiered profile of the brick-clad building will incorporate a high-level residents lounge overlooking the river.
Grainger chief executive Helen Gordon said: “We are pleased to progress to the construction phase of this exciting development, our first in Leeds, and one of the city’s first build to rent developments.”
“This project will kick start the wider regeneration of this strategic site in Leeds, creating a vibrant new community and improving the public realm in this underused location,” said ISG regional director Tim Harvey.
Paul Fox of Fox Lloyd Jones, acting an as agent as well as development manager, added: “Awarding this first phase build contract is a pivotal moment for this much awaited scheme. After lengthy dialogue, and a real committed effort from the professional team, we are pleased to have reached agreement with ISG and site preparation is now underway.
“As it is a prominent gateway site to the city it is essential that we deliver a really high-quality scheme to complement and enhance the rest of the West End development. There is no doubt that this is one of the best locations in the city for further development of a high quality residential scheme and discussions are ongoing with end users for the remaining three phases of the development. The site wide infrastructure installed as part of the first phase will support this future development of the site.”
There are three further plots on the site scheduled for development, with planning approval for c.400,000 square feet across three buildings.
