The acquisition of a 928-home development in Leeds has been completed under housing association, Guinness.
The site at Hunslet Road in Leeds is proposed to include at least 35% of the new housing for the affordable market, said to demonstrate Guinness’ commitment to meeting the housing need in Leeds and the wider crisis.
Under the previous plans for the site, it is reported that only 5% of the new homes would have been affordable.
The site was purchased from X1 Developments, with the support of part of the £224m recently granted by Homes England to a Strategic Partnership of Guinness and Stonewater housing associations to start building an extra 4,500 affordable homes across England by 2022.
Under proposals, the development is also set to provide 35,000 jobs and deliver 8,000 new homes over the next 15 years, with 60,000 sq ft to contribute to this vision.
Catriona Simons, CEO of The Guinness Partnership, said: “This site, within the Leeds South Bank Regeneration and Innovation District, is a fantastic opportunity for us to create over 900 homes in a vibrant new neighbourhood in Leeds. We intend at least 35% of the homes to be affordable.
“We plan to build over 9,000 new homes by 2023, with our vision to create great homes where people are proud to live.
“Funding from Homes England means we have been able to extend our development programme in Leeds to fulfil that vision.’’
Michael Adesioye, CEO of Dandor Properties, added: “We’re proud to have played a significant role in the delivery of this historic deal and will continue to build on our strategy of identifying development sites across the UK and working with land owners who wish to sell their land.”
Further commenting on the announcement, Cllr Richard Lewis, Leeds City Council’s executive member for regeneration, transport and planning, said: “The Guinness Partnership’s proposals are fantastic news for Leeds.
“That it is committing to its biggest ever scheme here and intending to deliver so many new affordable homes is a real mark of confidence in our vision for the South Bank, where we want to ensure regeneration and growth benefits all the city’s residents.”