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Leeds Development Moves Forward

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Plans to build a 353-bed block of student accommodation in Leeds have taken a major step forward, following a £19.8m finance deal.

LSSH Symons House has received funding from Royal Bank of Scotland (RBS) to redevelop the former four-storey Symons House office building site on Belgrave Street into a 23-storey student accommodation building.

The scheme will cost £33m and marks the developers second purpose-built student accommodation project. The accommodation will consist of 187 studios, 10 one-bed apartments and 156 flats arranged in two, four, five and 10 bed clusters.

The development is due for completion at the end of 2019 with the first batch of students expected to accommodate the building in early 2020.

Stephen Inglis, CEO of London & Scottish Investments, who own the development company behind the project, said: "Working with our US partner, we have developed an effective business model to ensure the provision of quality purpose-built student accommodation schemes across the UK."

"Our first development in Sheffield was hugely successful and, thanks to funding from Royal Bank of Scotland, we have quickly been able to secure our second project here in Leeds."

"The development is already well underway and once complete will provide Leeds' student population with high quality accommodation."