Figures released by Leeds and Partners at the end of the MIPIM international property convention in France show that overall development taking place, and due to take place, across the Leeds City Region comes to £2.5 billion – making Leeds the investment capital of Europe.
The amount being spent on new shops in Leeds comes to £1 billion, which includes the Trinity Leeds shopping centre, which opened a year ago (built at a cost of £380m), as well as the Victoria Gate scheme, which is due to enter its first phase of construction next month.
Roger Marsh, chairman of the Leeds City Region Local Enterprise Partnership, said, “The level of development that is
taking place is a clear demonstration of the confidence that investors have in the city region and we’re looking to build on that.”
In addition to the retail developments in Leeds, we’ve seen the construction of Leeds Arena and the ongoing construction of a new office block at Wellington Place, which, with office take-up in Leeds at a 15-year high, is well-timed. But there is also the infrastructure and public transport investments, including the £250 million trolleybus scheme.
Altogether, the pace and scale of the developments in Leeds demonstrate the confidence investors have in the region’s economy, and are positive signs of an exciting future for our city.
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