Preferred developer chosen for £270m Leeds city centre redevelopment
A preferred developer has been chosen for a multi-million pound redevelopment in the centre of Leeds.
Marrico Asset Management and Helios Real Estate have been selected by Leeds City Council as the preferred developer for the city’s former International Swimming Pool on Lisbon Street.
Marrico and Helios intend to submit a planning application by the end of the year for the 2.8 acre site, which has been used as a council car park since the pool’s demolition in 2009.
If approved, the £270m development known as Lisbon Square is set to deliver 500 student apartments, 400 residential apartments and a 300-bed hotel, alongside 150,000 sq ft of office space.
Cllr James Lewis, deputy leader of Leeds City Council and executive member for resources, explained: “We are excited by the Lisbon Square proposals, which would transform the former pool site and play a key role in bringing more investment and growth into the west end of the city centre.
“The development would support our efforts to double the size of the city centre, helping to boost the wider city economy by providing more jobs and opportunities, while at the same time providing a vibrant, world-class public space.
Marrico’s managing partner Mark Barnes commented: “We are delighted to have been chosen by Leeds City Council to develop this site.
“This highlights our expanding development profile and ability to maintain momentum despite current economic challenges. This achievement is a testament to the commitment and professionalism of our team.”
Trevor Cartner, Helios chairman, added: “This is undoubtedly the best remaining site in Leeds and our scheme would bring together a number of end users who will contribute to what will be a vibrant new area.
“We are working with a student operator who will own and operate the student accommodation together with a major hotel brand. The apartments and offices would be released to the market and we anticipate very high demand.”
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