Britain: Leeds Property Update
A new plan for 245 homes has been approved by the Leeds City Council that hopefully will provide much needed homes in the south bank area. The Yorkshire Post reports that the new plans will be at the Tower Works site with the development by Richardson and Ask Real Estate Ltd with Homes England.
The plan once it is completed will have two new residential buildings featuring one, two and three bedroom apartments and duplexes at the south end of the railway station. additional space for commercial use on the ground floors and a new pedestrian route is also planned. Sir Robert McAlpine has been appointed as the lead contractor and is prepping the construction site for the construction.The Tower Works site was built in the 1860's as a steel pin factory for the textile industry. The property's unique design by Thomas Shaw with its three towers named Verona; Giotto and Little Chimney was closed in 1981.
Tower Works, Leeds
Ask Real Estate managing director John Hughes The Yorkshire Post:
“Tower Works is in a superb location; it is one of the most distinctive sites you see as you travel into Leeds city centre."
"It has been neglected for many years and we are delighted to be able to now bring it back into active use as a key part of the emerging South Bank area."
"The existing creative hub at Tower Works is already home to many media, tech and digital companies and the residential element will further complement the thriving community on site.”
Also expecting redevelopment is the Grade II listed Engine House at the Tower Works to be used as a post production studio once Channel 4 moves to Leeds.
Ben Holmes, real estate director for Richardson:
“We have been working closely with the City Council to evolve and refine the designs in recent months and are delighted that the scheme is approved."
Andrew Walwyn, CEO of Bigblu Broadband:
"The south bank area of the city is being totally transformed and is one of the most desirable residential locations in Leeds. We have received a great deal of interest in Tower Works and are looking forward to bringing it forward this year.”
Other construction partners are engineering firm WSP; designer Ryder Architecture and project managers QS Faithful and Gould.
Another Grade II Listed Leeds office property the Moorfield House has been sold for £1.6 million by CBRE UK Development and Residential Northern team. Insider Media is reporting that the single storey property with a car park with 50 spaces sits on 1.61 acres on Alma Road was closed by its owner the Brass Agency at the end of 2019. Once plans are approved the buildings will be redeveloped into apartments new mews style housing.
Moorfield House, Leeds
The Moorfield House site was built between 1855 and 1856 by William Glover Joy who was known for being a seed crusher, oil merchant and mayor of Leeds. The land the property sits on belonged to the seventh Earl of Cardigan who was the leader of the charge of the Light Brigade in the Crimean War.
David Aspland, director at Illuminating Investments, tells Insider Media:
"Moorfield House is exactly the type of opportunity we look for, it's brilliantly located, interesting and has bags of potential for future redevelopment incorporating office or residential use. It also appeals to specific end users and we are talking in detail to such a party at the present time."
Nina Barker, CBRE's head of northern residential sales and marketing:
"We are delighted to secure a sale on Moorfield House which offers an exceptional redevelopment opportunity for Illuminating Investments in a popular suburb of Leeds.
"The property's Tudor gothic castle style is an appealing feature for the conversion development in an excellent location."