Saturday, May 31, 2025

£40M build-to-rent scheme completes in Leeds

Rise Homes has completed Spinners Yard, a £40 million build-to-rent (BTR) development in Leeds city centre, delivering 185 new apartments to the market. Clegg Construction built the 11-storey, U-shaped scheme on Regent Street and features a mix of studio, one-, two-, and three-bedroom units.

The project features a suite of tenant-focused amenities, including co-working areas, a fitness suite, private dining rooms, resident lounges, and both ground-level and rooftop terraces. The ground floor also includes parking and management facilities.

Designed with sustainability in mind, Spinners Yard is connected to the Leeds PIPES district heating network, which collectively saved more than 6,400 tonnes of carbon emissions in 2024. The heating scheme, backed by a £62 million investment, continues to support the city’s net-zero goals.

CBRE has been appointed as the sole letting agent, with early interest driven by the scheme’s location and high-spec offering. The development will open to residents in mid-June, following an open house event in early June.

This marks Rise Homes’ second regional collaboration with Clegg Construction, following their previous delivery of a £28.7 million BTR project in Sheffield. Key project partners include Gresham House, 5Plus, West Yorkshire Combined Authority, Dalbergia, Leeds City Council, and CBRE.

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