Market Leads & Opportunities
800-bed Leeds student scheme approve
A joint venture between investor Tri7 and Fusion Students has got the green light for a major purpose-built student rooms and shopping scheme in Leeds.The plan will see the demolition of The Core shopping centre in the city to make way for 807 student bedrooms and around 36,000 sq ft of retail at ground level, including two new arcades.The project spread over three blocks will feature low-carbon air source heat pumps, low water consumption fixtures and fittings, and low energy and controlled ventilation and lighting.Each of the buildings will be connected by lightweight bridges at the western edge of the site.Bringing improved public realm and a better retail experience, the development will further improve east-to-west connectivity from Lands Lane to Albion Street. Paul Miles, construction director at Fusion Group, said: “Achieving planning permission on this scheme is a reflection of the commitment from our team to create a truly exceptional development that benefits both its future residents and the people of Leeds through much improved public realm and commercial space. “We look forward to beginning construction on a scheme that will support residents to enjoy an active lifestyle, excellent focused study spaces, and an all-around well-balanced time throughout their academic years.” Tri7 is seeking to invest £250m for similar bed-led (PBSA and build-to-rent) regeneration schemes in UK towns and cities with Russell Group universities.
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