£13m Leeds scheme completes as developer promises further investment in the city

A £13m development of 106 apartments in Leeds city centre has completed and the Liverpool-based developer is set to make further investments in the city.

The construction of Victoria House on Skinners Lane is the first Leeds development for Liverpool-based Elliot Group. Leeds-based Trilandium has completed for work, with the first tenants of the scheme now moving in.  The development, adjacent to the city’s £165m Victoria Gate shopping centre, was sold off-plan to UK and overseas retail investors.

“Leeds is a genuine powerhouse and our investors are very taken with the city’s economic trajectory as much as with the fundamentals around earnings and jobs growth.  When they hear that Yorkshire created more jobs last year than the whole of France they want to invest again,” said founder Eliott Lawless.

“We’ve acquired a site elsewhere in the city centre and are currently drawing up proposals for discussion with the city council.  I’m looking forward to sharing our plans more widely in due course.

Victoria House was the first Elliot Group scheme outside its core north west market.  Lawless added: “London is no longer a viable residential investment proposition, so investors are firmly focused on the leading provincial cities.  Leeds, Manchester and Liverpool stand substantially above any others, which explains our focus.”

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