Property investment firm to bring high-end apartment scheme to Leeds

A property investment company in Leeds plans to redevelop two newly acquired sites into high-end apartments.

Mayfair Group Investment has acquired property on St Paul’s Street following investment on Great George Street earlier this year.

With support from Lloyds Bank Commercial Banking, the firm plans to redevelop both city-centre buildings to bring four new high-end residential apartments to Leeds at Great George street, and 10 at St Pauls.

Lloyds Bank Commercial Banking supported the purchases with a £1.2m and £500k commercial mortgage for St Pauls and Great George Street respectively.

Mayfair Group Investment manages assets worth £20m, including the independent retail pharmacy, Medichem.

Rohin Dhan, the firm’s director, said: “It’s a good time to invest in real-estate in Leeds. The revenue from the new apartments on St Paul’s and Great George Street once completed can be used to further strengthen our healthcare and property portfolio.

“The support we’ve had from Lloyds Bank this year has helped us raise the capital to invest in a state of the art medical centre in Chapel Allerton, which will bring better healthcare to a part of Leeds that desperately needs it.

“The new facility at St Martin’s House will house a GP surgery, pharmacy and other secondary medical facilities under one roof. Building work begins this month to extend and redevelop the facility.”

Lee Rycraft, relationship director at Lloyds Bank Commercial Banking, added: “Mayfair Group Investment is making an impact both in the centre and the suburbs of Leeds.

“The new high-end city centre apartments will be key assets that will help Mayfair Group Investments grow further. The health centre in Chapel Allerton will also become the jewel in the crown of the firm’s portfolio, which we will look to support further down the line.”