A mind-blowing cocktail of commercial, retail, residential and transport investment
Leeds has been enjoying massive private sector investment in commercial and residential property in recent years, and more is happening and planned. When regeneration happens on this scale, it is a game changer for property investors. Here’s a taste of what’s been happening in Leeds to change the city skyline and create today’s amazing property investment potential in Leeds.
Commercial development in the billions
There has been a huge development of commercial, retail and leisure property in Leeds. In the past few years, Leeds has benefitted from the new Leeds Trinity Shopping Centre, the amazing Victoria Gate retail development (winner of the Best Shopping Centre in the World at the MIPIM Awards 2017) which alone cost £600 million, and the First Direct Arena.
Six towers will provide hundreds of apartments of different sizes and tenure types in the north city centre, a near 200-bed hotel, and restaurants and cafés. The tallest of these towers will become the highest in Leeds, with its 42 storeys eclipsing Bridgewater Place.
The green light has been given for the £350 million regeneration of part of one of the most deprived areas of Leeds within the South Bank area. It’s a nine-acre site that will be completely transformed. There will be office developments, retail, leisure, hotel and health amenities, as well as up to 750 new homes with plenty of public space to help redefine urban living in Leeds. Completion of the scheme is expected by 2030/31.
The entire South Bank regeneration is much larger, with a new park and as many as 4,000 new homes to be created. This regeneration alone is expected to create 35,000 jobs.
Leeds City College Campus
An 11-storey development at Quarry Hill will provide Leeds with a massive educational boost. The £57 million development will provide state-of-the-art facilities across digital, creative arts, and health sciences learning.
Businesses and education will have a closer union when Nexus is fully functional. This innovation and enterprise centre is in the heart of the University of Leeds and is aimed at driving growth in business, science and finance.
Wellington Place Government Hub
The government has selected Wellington Place as its new regional hub, providing almost 400,000 square feet of office space to house HMRC and NHS Direct staff. The jobs boost is enormous, with 6,000 civil service jobs moving to the city.
Another multi-hundred million-pound redevelopment is taking place in the Quarry Hill area, transforming the area with hundreds of new homes, a boutique hotel, office accommodation, student accommodation, and new public spaces. Some of the planned apartment blocks will include communal lounges, roof terraces and fitness centres.
This development has been dubbed SOYO (SOuth of YOrk road) and will add urban strength to the city’s cultural scene, with new bars and restaurants igniting an eclectic street scene and adding one of the city’s biggest open spaces.
On the banks of the River Aire on the outskirts of Leeds, hundreds of millions of pounds are committed to creating a new residential ‘village’ area with a high-quality pocket park, contemporary suburban living, and new retail and office space.
Plans for redevelopment at Wade Lane include a 36-storey tower to provide 750 bedrooms for student accommodation and leisure space.
Investment in transport
£270 million is being sunk into upgrading transport infrastructure in Leeds These plans include a new station serving Leeds Bradford Airport, and new stations at White Rose Shopping Centre and Thorpe Park Business Park, improved access at several other stations, and upgrades to the Leeds railway system.
Commercial, retail, residential and transport – a cocktail of game-changing regeneration
Leeds is experiencing massive regeneration. This process started a few years ago and will continue for at least another decade. The investment is huge, and the redevelopment is visionary and transformative. It really does have the potential to produce game-changing profits for property investors.
To find out the latest property investment opportunities in Leeds, and receive an in-depth appraisal of how they could help you achieve your investment goals, get in touch with Gladfish today on +44 207 923 6100.
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