Elite Realty Invest has secured Gateway 2 approval from the Building Safety Regulator for the £32m The One Residence residential development in Leeds.
Approval for the foundations, core of the building and the frame, has also been secured, clearing the way for construction to progress.
Located on Manor Road in Leeds’ South Bank, The One Residence scheme, which Elite Realty Invest is marketing in partnership with Leeds-based developer HYVE Living, comprises 125 one-, two- and three-bedroom apartments, including two penthouses with rooftop retreats. Prices start from £190,000 and completion is targeted for Q4 2027.
Darren Gallagher, CEO of Elite Realty Invest, said: “Reaching 70% sold in eight months shows the strong appetite and confidence that investors have in both the scheme and the wider Leeds market. Leeds’ South Bank is one of those locations where regeneration, connectivity, and employment growth combine to make the fundamentals hard to argue with. For those already in the scheme, BSR approval is exactly the kind of milestone that reinforces their confidence in the decision they have made.”
Matt Tingey, from HYVE Living, added: “BSR approval is a landmark moment for The One Residence and the result of a significant amount of work behind the scenes, and now our focus can shift to delivery. Our ambition for The One Residence has always been to set a new benchmark for residential quality in Leeds’ South Bank, and we now have everything in place to do exactly that. To be doing so with 70% of apartments already sold is a position we are proud of, and a testament to the partnership we have built with Elite Realty Invest.”
