£160 million Leeds development unveiled

£160 million Leeds development unveiled

The vision for a £160m mixed-use private rented sector development at the western gateway to Leeds City Centre has been unveiled by The Parklane Group.

The property firm wants the new development, known as INC, to be an inclusive, contemporary and flexible way of living and working.

The proposed 33-storey, 45,000 sqm building will be situated on Wellington Street, close to the Leeds’ inner ring road.

It will be developed into a mix of commercial, residential and leisure facilities including a 198 unit aparthotel, 163 privately rented apartments, 200 co-living apartments, almost 4,000 sqm of co-working space, a bar and restaurant, swimming pool, gym and retail facilities.

International architect and engineering firm BDP has been appointed to develop the unique design for INC in Leeds and help bring forward this iconic scheme.

The Parklane Group has launched this vision ahead of attending MIPIM, at which INC will be showcased as one of Leeds City Region’s prime investment opportunities.

The Parklane group Director, Naveen Ahmed, believes the scheme could be transformational for Leeds City Centre and the North.

He said: “INC in Leeds has been designed to be a city defining development, providing a step change in the PRS, co-working, hospitality and retail offer across the North of England.

“Our vision is formed around not only developing world class facilities, but creating a lifestyle that fits the aspirations of the innovative and dynamic businesses and people in our city.

“Our ambition for INC in Leeds is to create a stand-out building in the North of England, competing with schemes with a national and international profile.

“We want this landmark building to become an asset for the city, with accessible public space that enhances the community and offers premier facilities under one roof.

“This development will be the first of its kind in the UK and a concept that can be rolled out in other cities across the country and internationally.”

Joining the Leeds City Region delegation to MIPIM, INC in Leeds will form part of the investment propositions in the region.

The Parklane Group will be in dialogue with investors and partners to attract a funding partner and occupier interest in the scheme.

Leading the Leeds City Region delegation, Leeds City Region Enterprise Partnership (LEP) Chair Roger Marsh OBE said: “Wellington Street in Leeds has seen growing investment interest over the past few years and this part of the city has become a prime investment location for global businesses.

“The vision for INC in Leeds complements the investment opportunities we have in this part of the city and proposes a unique offer to businesses and people.

“I look forward to hearing more about this investment proposition as part of the Leeds City Region presence at MIPIM.”

Councillor Judith Blake, Leader of Leeds City Council, added: “We are seeing lots of interest in investing in Leeds, and it’s very encouraging to see a Leeds-based developer bringing forward such ambitious proposals to create a new gateway into the city centre.”

The Parklane Group has over 40 years’ experience within the UK’s property industry and owns and operates a diverse land and property portfolio, including city centre hospitality and leisure brands such as Roomzzz Aparthotel and IconInc student living, LivInc, WorkInc and Uown.

Source: BQ Live

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