A £150 million joint venture has been established between PLATFORM_, a developer specialising in Build-to-Rent projects, and Housing Growth Partnership (HGP), an equity investor backed by Lloyds Bank, to create a major residential development in Leeds. This significant project will deliver 451 apartments and marks the first phase of a larger 1.3 million square foot mixed-use development on the Sweet Street site.

The Build-to-Rent (BTR) scheme is part of a growing trend in the UK housing market, particularly in urban areas like Leeds, where demand for purpose-built rental properties continues to rise. This joint venture between PLATFORM_ and HGP highlights the increasing importance of investment in the BTR sector, which aims to provide high-quality, long-term rental accommodation in city centres.

The collaboration between PLATFORM_ and HGP is expected to bring substantial benefits to Leeds’ housing landscape. By contributing to the city’s rental market with 451 purpose-built apartments, the development will play a pivotal role in addressing housing demand and fostering new community living spaces in Leeds.

This £150 million project represents a significant commitment to the city’s future and is a clear indication of the confidence both PLATFORM_ and HGP have in Leeds’ potential for growth and development within the residential property sector.