
Investments
Landlord News
February 10, 2016 | Landlord News
Leeds-based developer Citu have submitted plans to Leeds City Council for the construction of 205 residential units at Leeds South Bank. The four-acre brownfield site sits upon the ruins of the former Hydro Aluminium Foundry on Clarence Road, which closed in 2004.
The 205 dwellings are to be divided into 13 blocks, made up of flats, live-work units, and houses. The council had previously granted planning permission for a scheme 3-times larger, but permission expired after 6 years.
Meanwhile, east of Leeds city centre, a deal has been agreed between Thorpe Park Developments and housebuilder Redrow, who are now set to deliver 300 new homes as part of the second phase of the £70 million development.
Redrow will also be responsible for a package of community benefits worth £1.85 million, including public transport and contributions to education.
This development has been described as a “gateway” to the eventual creation of 7,000 homes in the East Leeds Extension – the largest housing development in the Leeds City Region.
Most of the 300 units will be two, three, and four-bedroom homes, with a sprinkling of one-bedroom apartments. Work is scheduled to commence next year, with completion expected by 2021.