Published 20th Oct 2023, 16:45 GMT

Property investor Countrylarge is completing the purchase of land on the corner of Sayner Lane and Carlisle Road, near the Royal Armouries Museum, after securing the short-term loan.

The wedge-shaped brownfield site currently has outline planning permission for a development of 150 apartments, which was granted last November.

However, Countrylarge is preparing a fresh application for the sustainable development of the 0.2 hectare plot. It expects to submit the new application to planners at Leeds City Council within the next few weeks.

Developer Countrylarge is finalising the purchase of a plot of disused industrial land near the Royal Armouries, paving the way for a tower of 150 apartments on the South Bank in Leeds.

Antony Rosindale, of developers Country Large, said the proposed scheme would provide much-needed homes for young professionals. "Our strategy is to deliver build-to-rent apartments, which will provide good quality homes,” he said.

The £500m South Bank regeneration, first put forward by the council in 2011, is one of Europe’s largest regeneration projects.

The aim of the scheme is to eventually double the size of Leeds city centre.

South Bank Leeds: Developer secures loan to buy land for new build-to-rent apartment tower