Developers reveal plans for major Leicester mixed-use scheme
Nottingham-based Hylyfe has acquired it second site luxury apartment scheme – this time in Leicester.
The site, when completed, will provide 171 luxury 1-,2- & 3-bed apartments in a part-refurbishment of the locally listed EW Bryan Mill, constructed in the mid 1800s, and 141 new build homes.
Planning is secured, but Hylyfe says it currently in discussion with Leicester City Council to include a Sainsburys at ground floor as well as some on site parking.
The development has been bought by Monk Estates and Housing Growth Partnership, in a the first of what Monk Estates says it hopes will be the first of many joint venture partnerships backed by Homes England and Lloyds Bank.
The property has been bought from local Leicester developer 4G Holdings and Living Choice Investments.
Sam Monk, director of Monk Estates/Hylyfe, said: “We are absolutely delighted to be working with Housing Growth Partnership on this project. Working with Kira and Mike at HGP has been very refreshing; they have a really good understanding of the property market and which way its going, right now is leaning heavily towards the build-to-rent model which is great news for hylyfe.
“It was a challenging time to put together the deal, particularly after it was put on hold in October last year by a local pension fund who couldn’t raise the funds. Housing Growth Partnership have been extremely helpful and we look forward to working on more projects together.”
Hylyfe was launched in Nottingham in October 2021, since then its enjoyed record occupancy.
All Hylyfe residents benefit from 24hr security and concierge, an on-site gym, beauty rooms, bookable private dining rooms, roof terraces and landscaped communal courtyards – as well as a communal bar called Fifi.
