Thursday, May 15, 2025

Leeds residential development sold for £30 million to overseas investor

A residential scheme in Leeds comprising 222 apartments has changed hands in a deal valued at approximately £30 million. The property, Headingley Park, occupies a 6.5-acre gated estate close to Leeds city centre. The development includes 43 studios, 143 one-bedroom, and 36 two-bedroom units, primarily serving young professionals and postgraduate students.

The complex was created by converting five former office buildings over an eight-year period from 2016 to 2024. It offers amenities such as a concierge service and landscaped grounds. The asset has demonstrated a record of stable occupancy and robust rental growth.

The acquisition was completed by property consultancy Allsop on behalf of a private overseas client looking to expand their UK property portfolio. The transaction underscores continued investor interest in well-located, income-generating residential assets within the Leeds and broader Yorkshire markets.

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