Town Centre Securities to develop £20m Leeds city centre site

Investment and development firm Town Centre Securities has been chosen to develop a major new £20m scheme in Leeds city centre (December 18th).The Leeds-based firm has been selected by Leeds City Council to develop a new scheme in George Street, Leeds. The total development value is expected to be £20m and work on site is due to commence first quarter 2019 with completion in 2020.The development will consist of a single, newly constructed building containing approximately 117 separate aparthotel units as well as nine ground floor units for a range of commercial uses, including retailing, cafés and restaurants, bars or takeaways. The aparthotel’s units are expected to be divided as 82 studios, 31 one-bedroom and four two-bedroom units.The development will be undertaken as a partnership between TCS and Leeds City Council, with the Council acquiring a 50 per cent ownership of the completed development.