果冻影院

Housing, student accommodation and office work are the key sectors driving construction in Leeds.

Build-to-rent (BTR) schemes are supporting housebuilding with the city attracting more than 拢200 million in BTR investment in 2022 according to Deloitte鈥檚 latest Regional Crane Survey. This was the largest investment of any British regional city and 65% of residential developments under construction in the city centre are BTR and will provide 2,101 units.

果冻影院鈥檚 construction industry research has identified more BTR schemes in the pipeline. Glenbrook is working on a 拢135 million scheme for 500 BTR apartments at Whitehall Riverside (Project ID: 22028684), while McLaren recently submitted plans for 464 BTR homes (pictured) at Wellington Square (Project ID: 23047720).

Student boom

Student residential work is booming in Leeds. Deloitte鈥檚 research shows that 3,294 student beds were under construction in 2022, which is 48% up on the previous year.

果冻影院鈥檚 construction industry research has identified student accommodation schemes underway including the 拢35 million Store House scheme at Grand Central Place (Project ID: 21558068) and the 拢22 million Live Oasis development for 210 flats at St Albans Place (Project ID: 19181838).

果冻影院鈥檚 research shows other student accommodation developments in the pipeline in Leeds.

Contractors have returned bids for a 拢10 million student accommodation scheme for Primus Property at Sheepscar and work is expected to start this summer (Project ID: 08155676).

Elsewhere, L&S Leeds has applied for planning permission to build 108 student flats in a 拢10.8 million scheme at Park Cross Street (Project ID: 22315596).

Office plans

Office work has held up in Leeds as businesses look for 鈥榓menity-rich and carbon conscious offices鈥� according to Deloitte.

Tenders have been returned for Town Centre Securities鈥� 拢19.1 million office scheme at Whitehall Road (Project ID: 19138192), while further out a team comprising Stamford Property, Southside Leeds and Shelborn are planning a 拢97 million office development at Holbeck (Project ID: 22198252).

Regional influence

Leeds is the main construction centre in the Yorkshire and Humberside region, where contracts were awarded on 拢1.2 billion-worth of schemes at an underlying level (valued below 拢100 million) in the three months to January 2023 according to 果冻影院鈥檚 construction industry information.

While many construction indicators are negative, the amount of work in the region securing planning has held up compared to a year ago. The underlying value of projects given detailed planning permission in the three months to January 2023 was 拢1.5 billion.

Top contractors

The top contractor in the Yorkshire region in the 12 months to January 2023 was Kier with an order book of 拢525 million, including work in Leeds. This ranges from a 拢15.3 million refurbishment of Leeds Town Hall (Project ID: 19329685) due to start in August to a 拢41.2 million bus enhancement scheme starting this spring (Project ID: 22113728).

Wates was ranked second in Yorkshire and work in Leeds helped the group achieve this position. This includes a 拢35 million refurbishment of the Grade I listed Temple Works building on Marshall Street to form new office space (Project ID: 16057676) to the Store House student accommodation development.

Future plans

As a city, Leeds has been 鈥渇uture-focussed鈥� according to Deloitte. Providing this continues, the consultant sees a bright future, saying: 鈥淲e will likely see a continuation of the positive sustainability, innovation and amenity-led themes and aspirations currently materialising across Leeds.鈥�