Sunday, June 16, 2024

Phase Two of new Leeds city centre neighbourhood completes

Caddick Construction has completed construction of the SOYO neighbourhood’s two newest residential blocks in Leeds city centre on behalf of Hestia, the residential platform of Federated Hermes Real Estate.

Located at the south of York Road in Leeds, SOYO comprises two new residential buildings, known as Madison East and Mercer West, featuring 331 built-to-rent apartments, two commercial retail units, car parking facilities and sustainable public spaces for the local community.

The project has been developed by Caddick Construction through close collaboration with Hestia and joint enterprise partner Caddick Developments.

The £57.4m project follows the completion of an earlier phase at SOYO, New York Square, where Caddick Construction delivered two 16 and 17 storey, build-to-rent apartment developments, housing 515 one-, two- and three-bedroom apartments for Moda Living.

SOYO is the newest multi-use neighbourhood in Leeds city centre and once complete the quarter will offer over 1m sq ft of space to live, work and enjoy.

Paul Dodsworth, Construction Group Managing Director, said: “Before a spade had even hit the ground on SOYO Madison East and Mercer West, collaboration was at the forefront of our operations.

“Working in partnership with Hestia and our sister company, Caddick Developments means that we can ensure we achieve the very best quality across the board, creating landmark residential developments that regenerate a vibrant neighbourhood in Leeds city centre.

“As we continue to grow our residential portfolio across the north of England, SOYO Leeds marks a flagship era for us, and we look forward to seeing the space form a new cultural hub for this thriving metropolitan city.”

Matthew Chillingworth, Fund Management Director, Federated Hermes, said: “The collaboration with Caddick on Mercer West Madison East has been highly successful, resulting in the delivery of 331 high quality sustainable homes, all set within Leeds’ vibrant new Cultural Quarter.

“We welcomed our first residents in January and expect to be at full occupancy by the end of the summer, which is testament to the continued demand for high quality home environments, which offer the amenities that residents really value, at accessible prices.”

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