Despite the effects of the global pandemic, Leeds is thriving. With one of the best property markets in the country, there are some truly exciting major developments in the pipeline for Leeds, bringing with them new opportunities for Leeds property investment.
4 of the most anticipated projects in the city with great potential for Leeds property investment:
1.Tetley’s Brewery site
Stretching from the River Aire to Crown Point Road, the area will soon be home to 850 new residential units, 85,000 sq mt of office space, 15,000 sq mt of leisure space, and a five-acre city park in the heart of the site.
There are also plans to build a new 400-bed hotel. And to restore the Crown Hotel to its former glory as a well-loved pub.
The Northern Quarter has undergone a huge transformation in recent years, creating some fantastic Leeds property investments in the district.
But it’s not over yet. At the start of 2020 planning permission was granted for a £62million project at the Northern Civic Quarter to transform the local area.
As well as significant improvements of public space, the former Leeds Council buildings will be redeveloped. A new 54,000 sq ft of office space will be created through the transformation of the Leonardo and Thoresby buildings, which were previously a Victorian school and printworks.
Another school – the Leeds Central High School building – will be revamped into a 173-bed luxury hotel. Another hotel will be newly built next-door and will offer 166 rooms and public space.
Another development project that is continuing to progress is the South Bank, and within that the new Temple District.
Plans for this new part of Leeds show that Temple District will cover Water Lane and Globe Road in Holbeck and will comprise new office spaces, residential buildings – with the potential for new Leeds property investment opportunities – and improvements to the public realm.
The first two phases of the Temple District project will create two buildings with 176,000 square foot of office space and ground-floor retail and leisure units. Developers CEG are now seeking planning permission for a further 1.1million sq ft of offices, homes, hotels and leisure space.
The pedestrianisation of Leeds city centre from Call Lane to the Calls and the Corn Exchange will completely transform the area. This £21million project will create a world-class gateway into Leeds and will double outside space accessible to the public.
Further enhancements will stretch from York Street in Leeds city centre to Meadow Lane on the South Bank. Improvements to bus routes and main roadways will help improve congestion in the area.
Find out more – Leeds property investment
To find out more about any of these projects – or any other opportunities for Leeds property investments – contact North Property Group today.