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Funding secured for redevelopment of historic Leeds buildings

Source: https://www.insidermedia.com/news/

Funding has been secured to bring forward the redevelopment of two historic buildings in Leeds city centre to create new student accommodation.McLaren Property’s student accommodation scheme for the Leonardo and Thoresby buildings in Leeds’ Civic Quarter has been financed by funds managed by the Real Estate Group of Ares Management and Generation Partners, who will also acquire the completed development.The 473-bed scheme, which will include the refurbishment of the listed buildings as well as a new build block, is due to be completed in 2023.Work on the development will commence this month, with Robertson Construction appointed as contractor for the Cartwright Pickard-designed scheme. Planning permission was granted in July 2021.