£80m development secures planning permission & investment
15 Feb 2016
Carillion’s transformation of the Tower Works site took a major step forward with Leeds City Council granting unanimous planning permission for the high-profile mixed-use project in the heart of Europe's largest brownfield regeneration site, Leeds South Bank.
Tower Works is set to deliver a mixed-use development of 90,000sq ft of commercial office space, 16,000sq ft of A1 and A3 retail restaurant and bar spaces alongside a mix of residential accommodation and town houses. Central to the proposal is a cultural offer which converts the Grade II listed Engine House into a cinema and boutique brewery, and a new public piazza designed to link Holbeck Urban Village to the Leeds Liverpool canal and the new southern entrance to Leeds train station at Granary Wharf.
Gareth Jackson, Development Director for Carillion said: “The team worked closely with the council to ensure that the design response not only builds on the heritage and character of the area, but meets the needs of the people who will live and work at Tower Works. Half the development site is given over to pedestrian and public space, so it will play a vital role in the connection of Holbeck Urban Village to the centre of Leeds and future transport hubs.”
Richardsons Capital LLP, part of the Canadian owned James Richardson & Sons Limited group, announced it will come on board as sole investment partner in the £80million scheme, paving the way for a start on site in late spring.
Ben Holmes, speaking on behalf of Richardson Capital LLP, said: “We see significant potential for investing in the future prosperity of Leeds. Tower Works will contribute to the city’s homes, job creation and infrastructure, and continues Richardson Capital’s proven relationship with Carillion.”
Gareth Jackson said: “Richardson Capital’s commitment to this project underlines the confidence our team has in Holbeck Urban Village and our commitment to beginning this transformation at the heart of the city’s South Bank.”
In November 2015, British fashion house Burberry announced that it will move its operations to the listed Temple Works site, further bolstering the credentials of Holbeck Urban Village as a place for both creativity and business.
Tower Works is being designed by architects Jestico + Whiles, landscape architects Oobe and engineering consultancy WSP. Planning consultancy services for the project have been managed by England Lyle & Good, cost consultancy advice by Sweetts and project management services by DBK.
Commercial agents Knight Frank and Sanderson Wetherall have been appointed alongside residential agents CRBE and Morgans, and retail and leisure agents Pudney Shuttleworth.
Construction is expected to complete in 2020.