Nearly £100m has been contributed towards a major new apartment scheme in Leeds that is being developed on the site of a former eyesore.
Category
🗞
NewsTranscript
00:00A cash boost for hundreds of new homes in Leeds. The former Arla Foods building, here
00:05on Kirkstall Road, stood empty for many years, but construction is now underway to create
00:10618 apartments.
00:13£97m worth of funding has been pledged for the scheme. This is made up of a £91m loan
00:20from Homes England and Greater Manchester and West Yorkshire Pension Funds, with a further
00:24£5.7m grant from the West Yorkshire Combined Authority's Brownfield Housing Fund.
00:30The scheme is being developed by real estate manager Bearings and Glenbrook, a UK residential
00:35developer, which will retain a stake in the project and act as development manager.
00:41The 618 one-, two- and three-bedroom apartments will be set across five buildings in landscaped
00:47grounds next to the River Eyre. The five-acre site will include over 10,000 square feet
00:53of amenity space, including a residence lounge, co-working area and gym, two private roof
00:58terraces and commercial space.
01:01Homes England is the government's housing and regeneration agency, who say they are
01:06committed to working in partnership with organisations in both the public and private sector to achieve
01:11their ambitions and develop much-needed new homes.
01:15They have said the Kirkstall Road scheme is an excellent example of how the agency's Home
01:20Building Fund is delivering in priority regeneration locations, while supporting small and medium
01:26house builders that are crucial to building a diverse and resilient housing sector.
01:31The Mayor of West Yorkshire, Tracey Brabin, has said devolution is helping the region
01:35unlock over 5,400 homes for working families in West Yorkshire.
01:40Construction is expected to be completed by the end of 2027.