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Work Begins on Next Phase of SOYO Leeds

May 16, 2022

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Article Summary

Leeds
  • The latest Hestia apartment scheme will comprise 331 apartments over two adjoining blocks.

  • Leeds-based DLG Architects will design the buildings with sustainability credentials using techniques to reduce the scheme’s carbon footprint.

  •  The first phase of SOYO brought nearly 500 local residents into employment, while this next phase will help support another 2,000 construction jobs and the creation of 10 new apprenticeships.

Construction work has started on the latest phase of SOYO Leeds. The next stage of this landmark Leeds property investment will deliver new opportunities to invest in property, as well as commercial space and public realm.

 

SOYO’s next step 

The latest Hestia apartment scheme will comprise 331 apartments over two adjoining blocks. Once complete in late 2023, the new development will house a mix of studio, one, two and three bedroom apartments, as well as outdoor courtyards, and 12,000 sq. ft of retail, restaurant and ground floor amenity space.

Alongside the blocks, there will also be new public realm with green spaces to further enhance one of the most exciting areas of Leeds.

Construction is being led by Caddick Group businesses Caddick Developments, Caddick Land and Caddick Construction on behalf of investors Federated Hermes Limited.

 

Sustainability at its heart

Something that makes this Leeds property investment even more special is its commitment to sustainability. Leeds-based DLG Architects will design the buildings with sustainability credentials using techniques to reduce the scheme’s carbon footprint.

This will put this project on the Net Zero Carbon Pathway and will help deliver Caddick’s ambitious social value targets. All of this will add to desirability of the area to live, work and invest in property.

 

Positive community impact

In fact, SOYO Leeds is already having a positive impact on the local community. The first phase of SOYO brought nearly 500 local residents into employment, while this next phase will help support another 2,000 construction jobs and the creation of 10 new apprenticeships.

 

Matt Chillingworth, Senior Investment Manager, Federated Hermes said: “Having established Hestia’s presence in Manchester, Liverpool and London, we are excited to bring the brand to Leeds. We are focused on delivering high quality mid-market, sustainable housing across the UK and in doing so are helping to deliver a meaningful impact on local communities. SOYO Leeds is an ideal location to achieve these goals.

 

What is property investment?

Put simply, property investment is property purchased with the intention of generating financial returns for its buyer. These returns could be in the form of rental income through buy-to-let properties, house price growth through the future sale of the property or both. Property investments can be owned by individuals or organisations and can be short, long or medium term.

 

Get in touch

If you’re interested in buying an investment property in Leeds or investing in property anywhere else in the Leeds region and beyond, contact the experts at North Property Group to find out how.

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Phoenix

From £362,450

   Gross Yield: 7%
   In Construction
   Est. Q3 2023
   Lease Length: 250 Years

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