HGP, the Lloyds-backed equity investor in the UK living sector, has partnered with leading build-to-rent developer and operator, PLATFORM_, to form a £150 million joint venture to deliver a 451-apartment BTR scheme in Leeds, known as Sweetfields. It represents the first phase of PLATFORM_’s transformative 1.3 million sq ft mixed-use development on Sweet Street, in the South Bank regeneration area of Leeds.
Scheduled for completion at the start of 2027, the previously vacant site will become a thriving mixed-use community, featuring a mix of studio, one, two, and three-bedroom apartments, complemented by extensive amenities including a gym, resident lounges, co-working spaces, extensive roof terraces and curated green spaces.
The homes will be rated EPC B or above and feature renewable energy sources, energy-efficient heating and lighting systems, and smart in-home technologies. This first phase will also significantly contribute towards the aims of Leeds City Council’s Housing Strategy 2022-27 and its Best City Ambition initiative.
Alongside the residential offering, the first phase includes the refurbishment of a historic pub, The Commercial Inn, and creation of a 4,000 sq ft convenience grocery store. A new public square will serve as the focal point of the new neighbourhood, designed to foster community interaction and create an attractive destination for residents and visitors alike.
PLATFORM_ has also collaborated with renowned international street artist Kid Acne to create a mural on the northeast corner of the site and the façade of The Commercial Inn. The artwork helps breathe new life into the scheme, creating an iconic landmark whilst the new development comes together.
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