Two "significant" Leeds sites acquired in £12m deal

A development investor has announced that it has acquired two “significant” sites near Leeds in a £12m deal.

HUB Group and Bridges Fund Management have completed their eighth joint deal, acquiring two sites to the west of Leeds city centre.

The sites, on Whitehall Road, will host 463 previously consented homes across two blocks, and were purchased for £12m from BAM Properties.

Damien Sharkey, managing director at HUB, commented: “HUB has a proven track record of delivering beautifully designed mixed-use schemes in strategic locations, and we are excited to bring that experience to this significant masterplan in the centre of Leeds.

“Leeds is a dynamic city with a young and diverse population, and this scheme continues our strategy of acquiring sites in ‘lifestyle’ cities – places with strong fundamentals and demand for high quality housing.”

Simon Ringer, partner at Bridges Fund Management, said: “Our previous projects with HUB are on course to deliver over 1,500 high-quality homes in growth locations across Greater London, helping to address the shortage of lower-cost and affordable housing in the capital.

“So we are delighted to be able to join forces again on this exciting new project in Leeds, a city where Bridges has made a number of previous investments.

“It will allow us to meet the strong local demand for quality lower-cost housing while also tackling a pressing societal need.”