L&G’s Tower Works Build to Rent scheme completes

Sir Robert McAlpine achieves practical completion at Legal & General's (L&G) Tower Works Build to Rent scheme in Leeds.

L&G’s Tower Works Build to Rent Scheme in Leeds | BTR News
L&G’s Tower Works Build to Rent Scheme in Leeds.

Sir Robert McAlpine achieves practical completion at L&G’s Tower Works Build to Rent scheme on Globe Road in Leeds city centre.

Designed by Ryder Architects, the scheme includes two buildings comprising 245 new Build to Rent homes – a mix of studio, one-, two- and three-bedroom apartments and duplexes. The ground floor includes commercial spaces and areas of public realm.

The delivery team also included engineering firm WSP and project managers and QS Faithful and Gould.

“Reaching practical completion at Tower Works represents a momentous milestone in the transformation of this historic site. It presents a wonderful opportunity to honour the remarkable efforts of the entire project team, while also celebrating the local, social and economic impact of the project.”

Craig Allen, Sector Director, Sir Robert McAlpine

Located to the south of the railway station, the Tower Works development will create a new pedestrian route through from the city centre to the Holbeck Urban Village neighbourhood. 

Sitting alongside the Leeds & Liverpool Canal, Tower Works has been built by Sir Robert McAlpine on behalf of the joint venture partnership between Ask Real Estate and Richardson, in conjunction with Homes England.

“We’ve worked in close partnership with our joint venture partner Richardson and our contractor Sir Robert McAlpine to achieve completion, taking a highly collaborative effort from the outset. It’s a real achievement for the team to now mark the handover of this landmark residential scheme to L&G having overcome the multiple challenges of Covid, Brexit and rising construction costs.

“During the delivery programme we have been proud to support the city by contributing to the annual Leeds Light Night event and we’re looking forward to seeing the first residents move in this month.”

John Hughes of Ask Real Estate

Tower Works has achieved WiredScore Platinum certification, confirming that the Build to Rent scheme is digitally future-proofed and has the best possible level of connectivity. This also makes it the first residential development in Leeds to attain the globally recognised verification of infrastructure connectivity.

“The completion of this latest phase of Tower Works represents the fulfilment of a long-held ambition to provide a new exciting and modern chapter in the life of this historic site. We are delighted to see the delivery of high-quality homes in a landmark location which will bring economic and social benefits into this part of Holbeck and contribute to the redevelopment of the wider South Bank area of the city.” 

Ian Hall, Senior Development Manager, North East, Yorkshire and The Humber, on behalf of Homes England

L&G acquired the Tower Works development in 2021, investing £57m on behalf of its Build to Rent Fund and Access Development Partnership, which is a joint venture between Legal & General Capital and PGGM.

To date, L&G has funded three Build to Rent schemes in Leeds, including Mustard Wharf – which is adjacent to the site. With Tower Works now complete, L&G will market both schemes as the neighbourhood of Mustard Wharf, delivering 500 homes and over 15,000 sq ft of commercial space.

“It’s fantastic to see the completion of Tower Works and open for our occupiers. Leeds is one of the UK’s largest cities in terms of population and economic output yet supply of housing has been severely constrained over the past decade. As the largest investor and owner of Build to Rent in the city, we’re delighted to deliver the neighbourhood of Mustard Wharf at Tower Works and play our part in the landmark South Bank regeneration area.”

Dan Batterton, Head of Residential, Legal & General Investment Management

Established in the 1860s as a steel pin factory for carding and combing in the textile industry, Tower Works closed in 1981. Today, the neighbourhood is home to a thriving media and technology community in the heart of the South Bank regeneration area which has become a global destination for investment, sustainable living, culture and creativity.