Maslow Capital supports the development of 223 residential units in Leeds with a £32.8m loan
London, 20th Jan 2022– Specialist real estate development finance provider Maslow Capital has announced the completion of a £32.8m development loan, assisting Citylife with ‘Springwell Gardens’, a 223-unit residential scheme in central Leeds.
Adding to a growing skyline of impressive residential developments in Leeds, the 16 storey Springwell Gardens’ is set to become a bold architectural statement with a unique sail-like façade. Thoughtful interior design will be combined with private, south facing roof terraces and a residents-only garden to provide extra living spaces along with a host of further amenities. The result is a progressive inside-outside living experience that fosters inclusive communities that will encourage people to experience the best of city living in an ever-evolving city.
Residents of this scheme will benefit from its central location, which is only a 10 minute walk to Leeds Train Station, the city centre and the new £350 million CEG Holbeck urban village Southbank development. Its strategic location on Whitehall Road coupled with its unique design will make it a focal point along this important road, encouraging a bold new community for the north-west of Holbeck.
Contractor Morgan Sindall has been appointed to deliver the project, which is expected to complete in 2023. Citylife has also agreed a forward-sale of around 60% of the apartments to private investors via its advisor Aspen Woolf.
“It has been a pleasure to collaborate with Matt and the Maslow team on this complex funding package and we are incredibly proud to bring forward this prestigious project to the city of Leeds.” Gareth Morgan, Managing Director of CityLife
“We are delighted to support Citylife with the development of their exceptional project in the centre of Leeds. The Citylife team have a real passion for the city, and we couldn’t be more thrilled to support them with their forward-thinking, ambitious project that is capable of enhancing the living experience of all its residents.”Matt Pigram, Partner and Head of Deal Origination at Maslow Capital