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Keepmoat Set to Invest £142m in Leeds Homes

April 12, 2016 | Landlord News  

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Another massive deal has been struck by the council in their struggle to meet the housing target set out in the Leeds Area Action Plan. Working in collaboration with Strata, housebuilder Keepmoat has announced plans to construct around 1,000 new homes across 13 sites in Leeds – an investment worth £142 million.

All 13 sites are situated in Seacroft, Halton Moor, and Osmandthorpe, with a strong commitment to building upon brownfield land as much as possible. Around 70% of new homes under development in Leeds are being delivered on brownfield sites. Keepmoat, however, has an even more impressive record than the council, with 95% of developments built on brownfield land.

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The council has made it clear that they want the houses delivered at “scale, pace, and quality.” In line with that, Keepmoat have set a target of achieving 150 properties per annum.

Andrew Weaver, chief executive of Strata, said: “We very much look forward to providing a valued contribution to this exciting venture creating sustainable, diverse, attractive neighbourhoods and a legacy for Leeds that we can all be proud of.”

Work is expected to start early next year.

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