US investor Cortland Group has agreed a deal for the development of a build-to-rent scheme at Marrico Helios’s £300m Lisbon Street project in Leeds city centre.
The joint venture between Marrico Asset Management and Helios Real Estate will see the construction of a £138m BTR element, comprising 629 flats spanning two buildings of 33 and 22 storeys, with 14,000 sq ft of amenity and commercial space. Work is expected to start in summer, with the scheme due for completion in mid-2024.
Marrico partner Richard Bland said: “This will be one of the city’s landmark buildings and we believe it will set new standards in BTR accommodation in the city.”
