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News » Over £20m » Leeds to get £20m aparthotel scheme » published 18 Dec 2017

Leeds to get £20m aparthotel scheme

Leeds City Council has selected local developer Town Centre Securities to lead on a £20m mixed-use scheme in George Street, Leeds.

Work is set to start in 2019 Above: Work is set to start in 2019

The development will consist of a single, newly constructed building containing approximately 117 aparthotel units as well as nine ground floor commercial units for shops, cafes and/or bars.

Work on site is expected to start in the first quarter 2019 with completion in 2020. The development will be undertaken as a partnership between Town Centre Securities and Leeds City Council, with the council acquiring a 50% ownership of the completed development.

Edward Ziff, chairman and chief executive at Town Centre Securities, said: "Leeds has seen an influx of visitors and businesses and we are delighted to have secured this scheme to deliver additional accommodation capacity in this sought-after location. We are delighted to be working with Leeds City Council and aparthotel operators and are confident this scheme will further enhance the regeneration of this area of Leeds.” 




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This article was published on 18 Dec 2017 (last updated on 18 Dec 2017).

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