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Legal & General secures Build-to-Rent site in Leeds

Legal & General has bought a Build To Rent (BTR) site in the centre of Leeds, marking the fifth UK city to which it will bring its new rental offer. This latest investment brings L&G’s total pipeline of BTR units to over 1,400 with an expected gross development value across the portfolio of €495.9 million (£420m).The Leeds site, Mustard Wharf, has been acquired from U+I in partnership with CTP, and has permission for 250 homes as well as 8,640 sq ft of commercial and amenity space. Just a five minute walk from Leeds Train Station, the central site is situated in Granary Wharf, an established retail, leisure and residential location. It also benefits from being strategically important to the wider regeneration area of South Bank. L&G e...[…]