Leeds Breaks Multiple Construction Records In 2018!

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Leeds Breaks Multiple Construction Records In 2018!

Leeds Breaks Multiple Construction Records In 2018!

You only need to look out of your window if you live in the wonderful city of Leeds to see how much money, time and effort is being ploughed into the metropolis at the moment… and now a new report has revealed the extent of this investment in the last 12 months.

Deloitte Real Estate’s Leeds Crane Survey 2019 shows that there were 21 new starts in 2018, the highest level seen since 2007, while there are now 2,232 residential units under construction across the city centre.

Health and education saw 743,000 sq ft of floorspace under construction, with new facilities from the likes of Leeds Beckett University, Leeds College of Art, Leeds College of Building and the new Leeds City College Campus at Quarry Hill.

Director at Deloitte Real Estate in Leeds Nolan Tucker commented on the findings, saying: “The results of the 2019 Crane Survey are outstanding for Leeds and paint a clear picture of a future-focused city gearing up for the next phase in its development.

“The investment in health and education facilities, combined with new office accommodation that can meet the needs of a wider range of occupiers, and the emergence of the city centre build-to-rent market is establishing the perfect environment to support significant economic growth.”

Chair of Leeds City Region Enterprise Partnership Roger Marsh went on to add that now is a very exciting time for the Leeds City Region, with demand for property in the city going strong and “significant investments” expected to be unveiled in the near future.

The student accommodation sector was also seen to record record levels of development activity, with four new starts – which is in fact the highest seen since the survey began. And the office sector now has the second biggest quantum of floorspace under construction in the history of the survey, at 804,257 sq ft.

There’s also the next phase of the Leeds Flood Alleviation Scheme that is forthcoming in the near future, with local residents in west Leeds now being invited to some drop-in events this February to find out more.

They’ll be able to look at the plans in place and talk to the project team responsible for developing this phase of the flood defences that are being proposed to protect homes and businesses upstream of the city centre.

A series of measures have been recommended to reduce the risk of flooding along a 14km stretch that includes the A65 Kirkstall Corridor, which was badly affected by Storm Eva during the Christmas of 2015.

New defence walls, a large flood storage area and embankments have been suggested, including four key areas: Leeds Industrial Museum and Armley Mills, Kirkstall Abbey and Kirkstall Meadows, Apperley Bridge and Calverley.

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