Leeds

Leeds South Bank area to be revitalised with £350m development plan

A once downtrodden industrial area of Leeds city centre, Holbeck, is about to get a major facelift after regeneration plans were approved by Leeds City Council who hailed it one of the largest redevelopments in Europe.

An 8.69-acre site within the South Bank area of Leeds is set to be transformed from its current derelict state to offer up to 750 new homes, as well as office and retail space, restaurants, community areas, parking and landscaping in a £350m scheme proposed by Commercial Estates Group (CEG).

The proposal also includes plans to build the city’s tallest building – a 142-metre, 40-storey skyscraper – and the South Bank regeneration is ultimately expected to double the size of the city centre.

CEG will also provide vital links to reconnect the area to the city centre, with a series of new pedestrian routes as well as four footbridges over the Hol Beck, five pedestrian crossings and changes to the existing roads to increase accessibility.

The missing piece of the jigsaw for Leeds

David Hodgson, head of strategic development north for CEG, said: “This derelict site is an important core in the west of the city, an area which has suffered from neglect over a number of years. This is set to change.

“At the heart of the South Bank regeneration area, our proposals will deliver the same attention to detail and quality as we are delivering at our award-winning Kirkstall Forge development.”

“This will be an exciting mixed-use strategic development of a critical mass and international standard, revitalising the area and reconnecting local communities to the city.”
[crb_image link=”https://www.buyassociationgroup.com/en-gb/advice/property-investment-starter-course/” image=”https://cdn2.hubspot.net/hubfs/1717782/Asset_Store/WebCTA/cta.jpg” align=”left”]
As many as 10,000 people could live and work in the new district, as well as increasing the number of visitors, according to CEG. Many of the area’s existing buildings will be demolished to make way for the new developments, although a listed bridge crossing Hol Beck as well as part of a former print works will be preserved.

According to Labour councillor McKenna who attended the planning meeting, the regeneration of Holbeck is “a rather big piece of the jigsaw” for Leeds city centre.

He added: “You don’t always get the opportunity to thank developers. Please build it, please get on with it – it’s been a vision for a long, long time.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

aerial-view-uk-houses

STAY AHEAD OF THE MARKET

Sign-up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
UK holiday let

FIRST FOR NEWS AND KNOWLEDGE.

Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:

 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

 

+852 6699 9008

Open from 9am-6pm HKT