Tri7 and Fusion Students have submitted a planning application to Leeds City Council for a purpose-built student accommodation (PBSA) led mixed-use scheme.
The joint venture partners intend to develop three towers of between five and nine storeys offering 807 student beds and around 36,000 sq ft of retail and commercial space on the site of The Core shopping centre, which will be demolished.
Designed by Costorphine & Wright, the development will feature low carbon air source heat pumps, low water consumption fixtures and fittings, and low energy and controlled ventilation and lighting.
The partners are targeting EPC A and BREEAM Excellent for the PBSA space and BREEAM Very Good for the retail space.
Tri7 acquired The Core in July 2021 as part of its value-add real estate investment strategy alongside equity partners Alchemy.
Samuel Castle, partner at Tri7, said: “Our plans for this design-led scheme, shaped by extensive consultation with the community, will create beautiful and amenity-rich homes for students and a vibrant commercial offering.
“Located in the heart of one of the UK’s best cities for students, it represents exactly the type of opportunity that we seek to deploy our capital in – and the type of bed-led city centre regeneration development that the government just last week argued was a major part in tackling the UK’s housing crisis. We’re eager to continue working alongside to Fusion Students, the council and the community to deliver this first-class scheme.”
Ben Henry, acquisitions director at Fusion Students, added: “This truly stunning development, designed by a world-renowned architecture practice, will set the standard in the area, bringing high-quality modern architecture that complements the city centre’s historic buildings.
“Our ethos is to design spaces for positive living, and working alongside our partners at Tri7, the city council and the community, we’re looking forward to progressing the scheme and creating much-needed new student homes in a city that remains deeply attractive to learners from across the UK and the world.”
