Leeds Economy Handbook Leeds Property Market
LEEDS ECONOMY HANDBOOK August 2016 LEEDS PROPERTY MARKET CONTENTS The Leeds property market Employment land PROPERTY INVESTMENT IN LEEDS: 2006‐2015 Counting only individual property schemes valued at £1m or over, £9.8bn worth of major developments have either been completed, are currently under construction or have been proposed in Leeds in the period 2006 to 2015. Of this total, almost £4.0bn has been completed; £695m are under construction and £5.1bn are proposed or currently on hold. Property schemes valued £1m or more, 2006‐2015, Leeds MD £m Completed Under Proposed/ TOTAL Construction On hold Major Mixed Use* 12 ‐ 1,400 1,412 Office Devts 728 254 1,437 2,419 Retail 572 174 20 765 Leisure 629 54 291 974 City Centre Apartments 924 16 981 1,921 Mfrg/Distribution 306 ‐ 277 583 Other 821 197 695 1,712 Total 3,992 695 5,101 9,786 * The data on office, retail, leisure and apartments is for stand‐alone schemes only. The mixed‐use developments can include significant elements of these. Source : Economic Development, Leeds City Council MAJOR SCHEMES During 2016, the Kirkgate Market refurb and 6 Wellington Place were completed. Currently under construction in the city centre are the hotel on Greek Street, Education campus on Hunslet Road, Ruth Gorse Academy, City House’ Hilton Leeds Arena hotel, Merrion House, 6 Queen Street, 3 Sovereign Square, Victoria Gate, 5 Wellington Place, Central Square on Wellington Street. Outside the city centre are the incinerator on Pontefract Lane and UTC on Hunslet Road. Three city centre schemes over £100m each are proposed or currently on hold: Latitude, Caddick development at Quarry Hill, Temple Quarter and Wellington Place.
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