Glenbrook has completed the acquisition of a 5.12-acre site at the edge of Leeds city centre from Marshall CDP for an undisclosed sum.
Occupying a prominent position at 87-89 Kirkstall Road on the bank of River Aire, the scheme has existing outline planning consent in place for 631 apartments and 10,000 sq ft of commercial accommodation.
Under its ownership, Glenbrook is working with its design team to deliver the latest generation of purpose-built rental accommodation and will be submitting a reserved matters planning application in the coming months.
Speaking about the acquisition, Daniel Roberts, Senior Development Manager at Glenbrook, commented: “Leeds is a forward-thinking and dynamic city; this site is strategically very important and its redevelopment will help create an attractive walkway along the River Aire giving access to and from the city centre. Our plans will bring an exciting new BTR concept to the market with features including pocket parks and a host of amenities to complement the substantial public realm areas.”
CBRE advised Marshalls.
Carrick Real Estate represented Glenbrook.