Platform_ teams up with HGP on 451-home Leeds BTR scheme
Developer Platform_ has formed a £150m joint venture with Housing Growth Partnership, the Lloyds-backed equity investor, to deliver a 451-home build-to-rent scheme in Leeds.
It represents the first phase of Platform_’s transformative 1.3m sq ft mixed-use development on Sweet Street, in the South Bank regeneration area of Leeds.
The masterplan comprises 1,350 homes and 200,000 sq ft of commercial space. The development is set to bring £500m of investment to the brownfield site, which has been vacant since 2009. Winvic Construction has been appointed as the main contractor, marking its third collaboration with Platform_.
Developer Platform_ has formed a £150m joint venture with Housing Growth Partnership, the Lloyds-backed equity investor, to deliver a 451-home build-to-rent scheme in Leeds.
It represents the first phase of Platform_’s transformative 1.3m sq ft mixed-use development on Sweet Street, in the South Bank regeneration area of Leeds.
The masterplan comprises 1,350 homes and 200,000 sq ft of commercial space. The development is set to bring £500m of investment to the brownfield site, which has been vacant since 2009. Winvic Construction has been appointed as the main contractor, marking its third collaboration with Platform_.
The scheme is scheduled for completion at the start of 2027, with the site becoming a thriving mixed-use community, featuring a mix of studios and one- to three-bedroom apartments, complemented by amenities including a gym, residents’ lounges, co-working spaces, roof terraces and green spaces.
Alongside the residential scheme, the first phase includes the refurbishment of a historic pub, The Commercial Inn, and the creation of a 4,000 sq ft convenience grocery store.
Jean-Marc Vandevivere, chief executive of Platform_, said: “Our new joint venture with Housing Growth Partnership will accelerate the delivery of much-needed homes in Leeds, bringing an important city centre site that has been vacant for more than 15 years back into use.
“This latest addition to the Platform_ development pipeline embodies our long-term commitment to the city’s growth, creating a sustainable, inclusive community. This project will not only provide new homes but also contribute to the ongoing revitalisation of the South Bank area, supporting Leeds’ economic growth and inward investment goals.”
Colin Bennett, investment director at Housing Growth Partnership, added: “Our partnership with Platform_ will deliver a landmark development in Leeds. It extends what has been a transformative year for HGP’s Living platform, which has seen us significantly scale our funding into the PBSA and multi-family sectors. We look forward to working with Platform_, and seeing this vibrant community come to life and the positive social impact it will deliver.”
Image courtesy of Platform_/Revere
