2,500,000,000 reasons why Leeds City Region has a Cannes-do attitude
INVESTORS from across the world gathered at property showcase MIPIM will be presented with six major schemes that offer £500m of development opportunities, part of a £2.5bn pipeline Leeds City Region has to offer.
Tonight Leeds City Council chief executive Tom Riordan will lead a presentation to a specially-invited audience at a private dinner on the fringes of the MIPIM exhibition in Cannes, France.
“This week is about raising awareness of all the investment ready opportunities here and showcasing the massive potential that there is in the region to international developers, investors and occupiers,” said Mr Riordan.
“I’m delighted to be representing Leeds City Region and unveiling not just these six exciting investment ready opportunities, but also showcasing the wider opportunities throughout the region.”
Those opportunities include the city region’s existing £2bn development pipeline – a figure that resulted from research by Leeds City Region Local Enterprise Partnership and property agents GVA about work underway and planned across the city region’s 10 local authority areas.
Ben Hall, director at GVA, said: “This research highlights the region has oven ready investment opportunities ripe for investment. The strong upturn in the property market which is taking place in Leeds City Region will be adding to the already compelling story.
“We are a seeing a surge in occupier confidence at present across all of the sectors, and with demand set to outstrip supply, it would point to rental growth, which will help to drive cash flows.”
The six schemes are (click the links to read more about each scheme):
1. Bradford City Centre Growth Zone
3. Leeds City Region Enterprise Zone
6. York Central
Leeds City Region LEP chairman Roger Marsh added: “The scale of commercial investment now in the pipeline in Leeds City Region places us among Europe’s top flight for investment-led growth. These six opportunities underline the strength of both government and business confidence in our region as an investment-ready location where developers, investors and occupiers can put their growth ambitions into action.”
