Plans for apartment scheme approved

A property investment and asset management specialist has received planning approval on a 100 apartment residential development

Addington Capital submitted the plans for the scheme on Melbourne Street in Leeds City Centre. It comprises of 100 apartments of varying sizes split into three blocks on varying levels. Den Architecture were the architects for the project.

The plan is to get on site and build as soon as possible and to target the PRS market.

Phil Symonds, Partner at Addington said: “This scheme will be Addington’s third PRS scheme in Leeds. We acquired, refurbished and sold 183 units in joint venture at Waterside and are currently on site at Headingley, where we have developed 124 units to date and are now about to develop another 27. Leeds has an estimated population of 780,000 which makes it the 3rd largest city and a major metropolitan district in the UK. It has a vibrant student and young professional market, who we believe will find our scheme attractive.”

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