L&G’s Leeds Tower Works build to rent scheme tops out

Construction of the historic Tower Works scheme on Globe Road in Leeds city centre has reached a significant milestone with a topping out ceremony. Representatives from the project team gathered to mark the occasion which was led by a speech from Sir Andrew McAlpine.

The 245 unit build to rent (BTR) scheme, which sits within the historic Tower Works canal-side site, is being built by Sir Robert McAlpine on behalf of owner and funder, Legal & General, and developers, Ask Real Estate and Richardson in conjunction with Homes England. Having now reached its highest point of construction, Tower Works is set to complete in Spring 2023.

Commenting on the progress made, Paul Quinn, regional director North West and Yorkshire, Sir Robert McAlpine, said: “The topping out of Tower Works marks a significant milestone in the development of this historic site and a great opportunity to celebrate the fantastic work achieved by the whole project team so far.

“We look forward to continuing our relationship with Ask Real Estate and Richardson to deliver this exciting Build to Rent Scheme for Leeds, right next to Mustard Wharf which we completed last year.”

Mike Powell, head of build to rent transactions at LGIM Real Assets, said “It is always important to pause and recognise success, and the topping out of Tower Works gives us the opportunity to do just that; congratulating the whole team on reaching this milestone, whilst also acknowledging the positive impact the development will have on the local community.”

McAlpine has developed the adjacent Mustard Wharf scheme, also funded and owned by Legal & General, with both schemes employing skilled local workers during construction. Recognising the prospect for rental growth in Leeds, Legal & General has acquired two BTR sites in the city centre; Mustard Wharf in 2017, and Tower Works in 2021.

Both sites are central to the landmark South Bank regeneration area, and together deliver 500 homes alongside over 16,000 sq. ft. of commercial space.

Tower Works has also recently achieved WiredScore Platinum certification, making it the first residential development in Leeds to attain the globally-recognised verification of infrastructure connectivity. The accreditation means residents will know that their homes have been digitally future-proofed and have the best possible level of connectivity.

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