- The planning application has requested that the 2.8 acre site on Lisbon Street be transformed into a new community.
- The transformation of the site will form part of the ongoing development of Leeds city centre’s West End area.
- It is expected that the project will play a key role in bringing more investment to this part of the city – particularly through Leeds property investments but also through the creation of more employment opportunities.
The developer leading the new £270million Leeds Lisbon Square regeneration scheme has been revealed. The project, which will renovate the former Leeds International Pool site; will be taken forward by Yorkshire-based Marrico Asset Management and developers Helios Real Estate, leading to boosted Leeds property investment.
The creation of a new community through Leeds property investment
The planning application has requested that the 2.8 acre site on Lisbon Street be transformed into a new community. The new community will be called Lisbon Square. The plans includes opportunities for Leeds property investments through new residential and student apartments, as well as 150,000 sq. ft of office space and a 300-bed hotel.
Since the 2009 demolition of the pool that stood here the location has been used as a council car park. This next stage in this Leeds site’s history will breathe new life into the area. It will create a brand new community for vibrant city centre living.
Once the plans are approved, work could begin as early as 2021.
Continued West End development
The transformation of the site will form part of the ongoing development of Leeds city centre’s West End area. It will be an exciting addition to the construction of a 17 storey, 330,000 sq ft office space at nearby Wellington Street as part of the Wellington Place Masterplan.
According to a council report; the Lisbon Square project will “form a key part of a resurgent West End to the city centre.”
It goes on to say that the scheme; “provides an opportunity for inward investment and to create a new space in the West End district of the city centre.
“The development of the Lisbon Street site will further consolidate the continuing growth in this part of the city.”
The West End area of Leeds should therefore be seriously considered for a Leeds property investment.
A magnet for investment
It is expected that the project will play a key role in bringing more investment to this part of the city – particularly through Leeds property investments but also through the creation of more employment opportunities.
James Lewis, deputy leader of Leeds City Council, said. “The development would support our efforts to double the size of the city centre, helping to boost the wider city economy by providing more jobs and opportunities. While at the same time, providing a vibrant, world-class public space.”
Find out more-Leeds property investment
For more information about a Leeds property investment in the West End – or anywhere else in the city – contact the Leeds property experts at North Property Group today.
Cities such as Manchester, Leeds, and Liverpool are not only cultural and historical gems but also burgeoning property investment hotspots.
As the vibrant city of Leeds continues to grow and evolve, it has emerged as a prime destination for property investors seeking attractive opportunities.
With its vibrant economy, diverse property market, and attractive returns, Leeds offers a compelling proposition for those seeking long-term growth and profitability.
Leeds has been on an upward economic trend in the past few years, with the supply of properties struggling to meet the demand that the influx of residents in the city is showing.