£105m contract awarded for new build-to-rent scheme
Leading UK construction group, Galliford Try has signed a £105m contract to build a major new build-to-rent residential scheme in Leeds.
The 665-home development is being constructed on behalf of Highline Investments at the Monk Bridge site to the south west of Leeds city centre, accessed from Whitehall Road.
The development will feature a mix of one, two and three-bedroom apartments across five buildings that will vary from 12 to 22 storeys in height, and takes inspiration from New York’s The High Line.
In addition to the apartment buildings, the adjacent railway arches which once formed part of Doncaster Monkbridge Iron and Steelworks and date back to 1846, will be refurbished to accommodate retail and hospitality units.
Bill Hocking, Chief Executive of Galliford Try, commented: “We are delighted to be able to start work on such a prestigious development in the heart of Leeds. This scheme is a significant investment in the current economic environment and our excellent track record in the private rental sector has led Highline to place their trust in Galliford Try to deliver for their customers.”
The site previously changed hands last year when Alpha Real Trust sold it to Highline Holdings Ltd and Whitehall Holdings Ltd, wholly-owned subsidiary entities of City Developments Ltd for £15.4m.