Legal and General has confirmed Leeds as an optimum location for investment, having just announced plans for a new development of Buy to Rent (BTR) homes in Leeds City Centre.
Their recent acquisition of the Mustard Wharf site, which is part of Granary Wharf, benefits from a fantastic location, just moments from Leeds city train station and part of the thriving Holbeck area of Leeds.
Holbeck has seen significant regeneration over recent years, and has become quite the hub for retail, leisure, commercial and residential developments such as Holbeck Urban Village, Granary Wharf and of course Leeds' first and tallest skyscraper Bridgewater Place. L&G has planning permission for 250 new homes on the mixed use site, along with room for office space and a number of key amenities.
Adding Leeds to their existing BTR portfolio means that L&G now have a housing pipeline of over 70,000 new homes over the next decade. This acquisition will bring their investment in BTR to around one billion pounds in total. With a goal to provide high quality, affordable living for the UK population at all stages in their life cycle, the company is driven to support the UK's economic position and future growth by delivering a range of accommodation options for the future.
The Mustard Wharf site joins their portfolio of BTR schemes in four other UK cities that includes Bristol, Salford, Bath and Walthamstow, making Leeds its fifth city for investment.
Their decision to invest in Leeds is a testament to the city's popularity as an investment hotspot for Landlords. With no shortage of tenants, and by choosing such a well-connected location, it's easy to see why they have chosen Leeds as a strategic investment location.
We look forward to watching it develop!Back to News