Developer completes more than 300 apartments in city centre
Caddick Construction, part of the Caddick Group, has completed the SOYO neighbourhood’s two newest residential blocks in Leeds on behalf of Hestia, the residential platform of Federated Hermes Real Estate.
Located to the south of York Road, SOYO comprises two residential buildings, known as Madison East and Mercer West, featuring 331 built-to-rent apartments, two commercial retail units, car parking facilities and public spaces for the local community.
The project has been developed by Caddick Construction through collaboration with Hestia and joint enterprise partner Caddick Developments.
The £57.4m scheme follows the completion of an earlier phase at SOYO, New York Square, where Caddick Construction delivered two 16 and 17 storey, build-to-rent apartment developments, housing 515 one, two and three-bedroom apartments for Moda Living.
SOYO is the newest multi-use neighbourhood in Leeds city centre. Once complete it will offer over one million sq ft of space.
Paul Dodsworth, construction group managing director, said: “Before a spade had even hit the ground on SOYO Madison East and Mercer West, collaboration was at the forefront of our operations.
“Working with Hestia and our sister company, Caddick Developments, means we can ensure we achieve the very best quality across the board, creating landmark residential developments that regenerate a vibrant neighbourhood in Leeds city centre.
“As we continue to grow our residential portfolio across the north of England, SOYO Leeds marks a flagship era for us, and we look forward to seeing the space form a new cultural hub for this thriving metropolitan city.”
Matthew Chillingworth, fund management director, Federated Hermes, said: “The collaboration with Caddick on Mercer West Madison East has been highly successful, resulting in the delivery of 331 high quality sustainable homes, all set within Leeds’ vibrant new Cultural Quarter.
“We welcomed our first residents in January and expect to be at full occupancy by the end of the summer, which is testament to the continued demand for high quality home environments, as we strive to offer the amenities that residents really value, at accessible prices.”
Lee Savage, director at Caddick Developments, added: “We are very excited for the SOYO regeneration project to continue its progress and make a further contribution towards the vibrant, modern and sustainable district being established at the heart of Leeds’ cultural quarter.
“Now approaching its final stage of development, we look forward to continued partnership working with both Caddick Construction and Moda to deliver this transformational scheme in full.”
