Not mad keen, but good to see a developer plunging into the City's Resi market with two schemes at once. Hopefully others will follow
Dated: 27th Nov 2017Work commences on £18m PRS home development in Leeds city centre
Property developer KMRE Group has announced the launch a £18m PRS flagship scheme in Leeds city centre.
Building works have now commenced on the brownfield site at Kirkstall Road adjacent to Napoleons casino.
Providing 111 new apartments, 2400 sq ft of commercial premises, 23 parking spaces and shared amenity areas for the future residents, the scheme is due for completion in March 2019.
The proposed development has already been forward sold on completion.
Kam Mogul, managing director for KMRE, commented: “This cleverly designed and well located scheme is now underway as our construction team proceed with demolition and site clearing.
“We are pleased to be starting this high quality development of 1, 2, and 3 bedroom apartments close to the widely anticipated Yorkshire Post building redevelopment.
“It’s located close to the inner ring road and has an array of amenities including restaurants, pubs, and a cinema whilst being within walking distance of the city centre. Attributes that attracted us to the location from the beginning!
“Having already agreed a sale of the whole scheme on build completion, we feel this truly indicates the strength of confidence and appetite to purchase from professional investors in the city.
“Leeds is a vibrant, prosperous city and this PRS development sits alongside our other current project in the city; Mabgate Gateway where we are already on site building 92 PRS apartments.”
KMRE Group are a property development company specializing in residential investment schemes and new homes for owner occupiers.