A major new housing development off Kirkstall Road will be delivered following a £91 million investment.
The build to rent scheme is being developed as a joint venture with Glenbrook, a leading UK residential developer, which will retain a stake in the project and act as development manager.
The scheme will deliver 618 one, two and three-bedroom apartments set across five buildings sitting in extensive landscape grounds, including a new public realm, next to the River Aire.
Investment comes from Homes England, Greater Manchester Pension Fund and West Yorkshire Pension Fund.
The five-acre former Area Foods site will include over 10,000 square feet of amenity space, including a residents’ lounge, co-working area and gym, two private roof terraces and 3,800 square feet of commercial space. Construction has begun and is expected to be completed by the end of 2027.
Nigel Barclay, Director of Loans at Homes England, said: “The Kirkstall Road scheme is an excellent example of how the agency’s Home Building Fund is delivering in priority regeneration locations whilst supporting small and medium house builders, that are crucial to building a diverse and resilient housing sector.
“As the Government’s housing and regeneration agency, we are committed to working in partnership with organisations in both the public and private sector, to achieve their ambitions and develop much needed new homes across the country.”
This is in addition to a £5.7million grant from the West Yorkshire Combined Authority from its brownfield housing fund.
The Mayor of West Yorkshire Tracy Brabin said: “Devolution is helping us unlock over 5,400 homes for working families in West Yorkshire.
“It is fantastic to see this new, high quality development brought forward from Homes England, West Yorkshire Pension Fund and Greater Manchester Pension Fund. Together, we’re building a region which everyone can be proud to call home.”
Homes England is the government’s housing and regeneration agency.