BlueCastle Capital, the build-to-rent developer and investment and asset manager, has expanded its UK build-to-rent development pipeline to £1.1 billion with the acquisition of a prime city-centre site in Leeds, marking the company’s fifth development secured as part of its national strategy.
The site forms part of the former Yorkshire Post headquarters on Wellington Street and sits within the Wellington Place quarter in Leeds. BlueCastle has acquired the freehold interest in the site from Prescient Capital. The site benefits from an existing planning consent for a build-to-rent development of 348 homes.
Source: bluecastlecapital.co.uk on the 25th of February