UK: Rise Homes’ £40 million Spinners Yard build-to-rent (BTR) scheme was completed by Clegg Construction earlier this month, and will be ready for residents by mid-June.
The 11-storey U-shaped development is located on Regent Street in Mabgate, and features 185 studio, one-, two- and three-bedroom units.
CBRE will oversee lettings for the property, which was funded by a £22 million loan from Leumi.
The building is connected to the Leeds PIPES district heating network, a £62 million initiative reducing emissions in the city – the project saved approximately 6,467 tonnes of carbon in 2024, up from 5,900 in 2023.
The ground floor has an enclosed car park, an entrance lobby, reception, and management office, while the upper levels have a gym, residents’ terrace, rooftop terrace, a lounge, private dining room, workspaces, and a breakout area.
Spinners Yard is the second collaboration between Rise Homes, which is backed by investment manager Gresham House, and Clegg Construction in Yorkshire, having previously collaborated on the Ironworks, a £28.7 million development in Sheffield.
Project partners included Gresham House, 5Plus, West Yorkshire Combined Authority, Dalbergia, and Leeds City Council.
Sarah Snape, managing director of Rise Homes, said: “Our Spinners Yard development has transformed the former brownfield site on Regent Street. The carefully considered amenity spaces, spacious apartments and ample outdoor areas represent our company ethos – offering our residents spacious, sustainable and well-managed accommodation. We are focused on delivering an exceptional and connected resident experience in the BTR sector. We are thrilled to bring this new development to the area, and it has been a pleasure to work alongside our fantastic specialist partners on this project.”
Highlights:
• Rise Homes has completed the Spinners Yard BTR scheme in Leeds city centre
• CBRE has been appointed as a letting agent for ther 185-unit scheme
• Spinners Yard is connected to the Leeds PIPES district heating network
