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Work on £400m Development Set to Begin

October 15, 2014 | Landlord News  

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Commercial Estates Group (CEG), the developer behind the Kirkstall Forge scheme, has completed its multi-million pound investment into the demolition and remediation of the massive 57-acre site, and has now appointed civil engineering company I&H Brown to be the lead contractor.

Work will begin on the ambitious £400m scheme this month. Work on the new railway station should be completed by summer 2015, but the scheme also includes the construction of more than 1,000 new homes and 300,000 sq ft of office space.

concept_train_station_400

Rachel Reeves, MP for Leeds West, described the scheme as “a catalyst for major regeneration,” as it will create 2,400 jobs and attract businesses to the area.

CEG plans to invest more than £10m in affordable housing, education, and improvements in transport. The Department for Transport will provide a maximum of £10.3m of the £16.9m required to fund for the creation of the main railway station and for a second station at Apperley Bridge.

The remaining 40% of the cost is covered by a local funding package comprising a private sector contribution of over £5m, aided by funding from the West Yorkshire Combined Authority.

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