UK: An opportunity for student housing development has come to market in Leeds on the Lovell Park site, which is owned by Lloyds Banking Group and could deliver 1,446 PBSA units.
The site, which spans 3.87 acres, was marketed by agents CBRE and JLL.
Lovell Park sits just north of Leeds city centre at the junction of the inner ring road and Clay Pit Lane.
It’s currently home to three interconnected six-storey office blocks, including basement parking, with a total internal area of 271,466 square feet.
Located within walking distance of the University of Leeds and Leeds Beckett, the site is well connected by public transport, with several nearby bus stops and Leeds station just 20 minutes away on foot. Trains from the station offer direct routes to Manchester, York and London.
Pre-application discussions with Leeds City Council suggest the site could support a mix of student accommodation and BTR homes across five buildings ranging from six to 30 storeys.
The council has indicated support for the scheme in principle, noting it would help meet the target of 8,052 new homes in central Leeds.
The development would make use of brownfield land in a sustainable location and contribute to the vitality of the city centre.
While the loss of office space would require justification, the council acknowledged that there is currently a surplus of supply. Including BTR units in the scheme aims to balance out the student provision and avoid over-concentration.
