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Major £55M South Bank development approved by Leeds planners

09.06.16

Striking proposals for a £55m riverside mixed-use development for Leeds city centre have been given the go-ahead by planners.

The approved plans to rejuvenate the historically significant Granary Wharf site of the city include 250 new homes, office space, bars, cafés, restaurants and landscaped public spaces and were submitted by leading Northern developer CTP and regeneration specialists U+I.

The development forms part of Leeds City Council’s wider Holbeck Urban Village regeneration plans to transform the area into a key destination for the city.

Now that plans have been approved, work could start on site later this year, with completion in 2018.

David Topham, Chief Executive of CTP said: “Granary Wharf is a vibrant hub in the heart of the city and our latest plans continue to build on its success. There is a growing demand for high-quality accommodation in Leeds.

“We are obviously delighted that Leeds City Council has approved our plans and we look forward to playing a pivotal part in the regeneration of this important part of the city.”

Laurence Martin, director at U+I commented: “Holbeck Urban Village has been identified by Leeds City Council as an area in need of major regeneration. Working in partnership with CTP, we are really pleased that plans for Granary Wharf have been approved to support the council’s aspirations of creating long-term economic growth and improvements for the area.”

The Granary Wharf site - located on Wharf Approach, off Water Lane - is currently being used as a car park and nestles alongside the Leeds and Liverpool Canal, a riverside location bursting with potential.

The new scheme will transform this under-utilised site into a mix of one-bedroom, two-bedroom and three-bedroom apartments, as well as 9,000 sq. ft. of office space, parking spaces and cycle spaces. The bars, cafes and restaurants will be on the ground level.

To ensure plans reflected the aspirations of local residents, a public exhibition was held at the Round Foundry Media Centre earlier in the year for local residents to have their say on the proposed scheme.

Further boosting the case for Granary Wharf plans, an earlier report considered by councillors before approval was granted commented that: “It is considered that the proposed development would regenerate the site, with a high quality, appropriate development. It is also considered that the project would add vibrancy and vitality to the area and is recommended for approval.”

David Topham, commented: “The South Bank is currently one of the most dynamic parts of Leeds, with the impending arrival of Burberry, the regeneration of Tower Works and the tremendous success of the ground-breaking Round Foundry. The bar is very high and we will ensure that our new development meets the high standards set in South Bank and Holbeck Urban Village.”

Laurence Martin added: “Combining U+I’s track record for delivering significant mixed-use regeneration projects in the London City Region, Manchester and Dublin with CTP’s strength as a leading Northern developer, Granary Wharf will form a key part of Leeds’s future. Located in an area that is of great importance to the city historically and architecturally, we are delighted to be a part of continued strides to bring Granary Wharf back into prominence.”

Adding a final word on the attractive investment prospects that Granary Wharf offers, David Topham said: “Given the demand for private rented sector accommodation in the city, combined with the remarkable success enjoyed by the private rented sector in both London and Manchester, we believe this is a very attractive institutional investment opportunity. We are now actively looking for investment partners to join us at Granary Wharf.”

The agents for the development are the London office of property consultancy CBRE, while the architects are Enjoy of Leeds. PPS led the public consultation exercise.

For further information, please contact Robert Beaumont of Robert Beaumont Associates on 01423 323139 or 07710 127713.

 

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