L&G’s €67m BTR scheme completes in Leeds (GB)

L&G’s Tower Works BTR scheme completes in Leeds (GB)

Sir Robert McAlpine has achieved practical completion of 245 new homes at the historic Tower Works scheme on Globe Road in Leeds city centre. Legal & General (L&G) acquired the development in 2021, investing c. €66.6m on behalf of its Build to Rent Fund (BTR Fund) and Access Development Partnership (a joint venture between Legal & General Capital and PGGM).   


The scheme, which sits alongside the Leeds & Liverpool Canal, has been built by Sir Robert McAlpine on behalf of the joint venture partnership of Ask Real Estate and Richardson, in conjunction with Homes England.


Designed by Ryder Architects, Tower Works features two residential buildings with studio, 1, 2 and 3-bedroom apartments and duplexes, ground-floor commercial spaces and areas of the public realm. Located to the south of the railway station, it creates a new pedestrian route from the city centre to the Holbeck Urban Village neighbourhood.


Tower Works has achieved WiredScore Platinum certification, making it the first residential development in Leeds to attain the globally recognised verification of infrastructure connectivity. The accreditation confirms that the properties are digitally future-proofed and have the best possible level of connectivity.


Commenting on achieving completion, Craig Allen, Sector Director, Sir Robert McAlpine, said: “Reaching practical completion at Tower Works represents a momentous milestone in the transformation of this historic site. It presents a wonderful opportunity to honour the remarkable efforts of the entire project team, while also celebrating the local, social and economic impact of the project.”


Dan Batterton, Head of Residential at Legal & General Investment Management, added: “It’s fantastic to see the completion of Tower Works and open for our occupiers. Leeds is one of the UK’s largest cities in terms of population and economic output, yet the supply of housing has been severely constrained over the past decade. As the largest investor and owner of build-to-rent in the city, we’re delighted to deliver the neighbourhood of Mustard Wharf at Tower Works, and play our part in the landmark South Bank regeneration area.”

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