Wellington Street site regeneration given green light
Approval has been given for the first phase of the Yorkshire Post site regeneration.
242 build-to-rent apartments, which have been forward sold to Grainger plc for £40m, have received reserved matters planning by the council.
The 11-storey building will ramp up to an 18-floor site on Wellington Street.
Ground floor commercial units, residential lounge spaces are also included in the first phase of the mixed-use development,
A further three blocks for office and residential totalling 360,000 sq ft have received outline planning consent.
Paul Fox of Fox Lloyd Jones, acting as agents and development managers for landowner Stirling Investments said: “This is a key milestone in the new story being created for the iconic Yorkshire Post site.
“Our team has worked incredibly hard to make this new vision come to life and securing such a high calibre operator as Grainger and jointly designing a bespoke first phase building has set the quality benchmark at a very high level.
“After two years of detailed dialogue we are delighted to bring Grainger to Leeds for their first build to rent scheme.
“We are now targeting an on-site start in early Summer 2017 with an approximate two year delivery programme, given the size of the scheme. This phase of works will also include extensive public realm and infrastructure works to create the further three serviced plots, and offer them ready for delivery to the market.”
Nick Jopling, executive property director of Grainger Plc said: “We are delighted with today’s decision by Leeds Planning Committee in favour of this PRS development, in particular the recognition by the council that this high quality, purpose built and professionally rented offer has a place in the city.
“We will continue to work closely with our development partners at FLJ and Stirling Investments so that we can bring the Grainger rental product to Leeds city centre as soon as we can.”
Tim Waring at planning consultants, Quod said, ‘Today’s resolution by Leeds City Council to grant planning permission represents a major step for the regeneration of this key site, and this part of the City. It will breathe new life into the area, and I would expect it to catalyse further investment.”
