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Leeds boasts major development

19th September 2006 | back to article listings BACK    print this article PRINT

Leeds is to be the focus of a huge new investment which will transform accommodation provision in its city centre.

Some 242 residential properties are planned to be constructed along with 12,000 square feet of commercial office space in the growing city.

This is a response to ever-increasing demand for housing in a city which has been transformed in the last decade becoming one of the UK's top business centres. Indeed, property in the wider area of Yorkshire has been performing well of late and further price increases are expected in the future.

The £36 million development of Leeds' Skinner Lane will include 197 one and two bedroom apartments and smaller flats that the developers are advertising as 'micropods'.

Micropods are novel living spaces designed for the iPod generation who are finding it increasingly difficult to get themselves onto the housing ladder. Focusing on cash-strapped young professionals' needs and desires to live in the city, the developer, Morris Properties Group, claims that it is delivering a "fresh approach" to "modern city living" through the micropod. With a design that incorporates the latest modern technology, such as plasma televisions and media units, the small flats make best use of space by incorporating wet rooms, fold-down beds and concealed kitchens.

Mark Ellis, development director of Morris Properties, said: "Tenants are becoming increasingly astute and demanding in what they expect from their living environment. This new development, with its innovative micropod designs and luxury apartments will give residents everything they need to meet the demands of their busy, modern lifestyles."


The development will also include landscaped gardens and will offer views over the city meaning that inhabitants will not be boxed in as happens in many studio apartments.

Situated in the Eastgate and Harewood area of north Leeds the Morris Properties project is the first of a series of new developments planned for this sector of the city; Leeds Partnership is leading a £700 million investment that is currently at the proposal stage.

This follows the news last week that Lindley, a small town on the outskirts of the city, was declared the country's top property hotspot by the Royal Bank of Scotland's first-time buyer property index.

The town has benefited from Leeds' growth into an important commercial sector in the last few years; it now boasts an expanding economy comprising of the media, finance and manufacturing sectors.

As such, it is one of the country's top cities for the buy-to-let market and with a large student population alongside a growing number of young professionals, demand for housing is on the rise.

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/2976.html. Alternatively, please see our full press release archive.

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