Parklane Group unveils plans for £160m mixed-use, PRS development in Leeds

WCN Editorial Team 1 Mar 2018 EUROPE BUILDINGS

The Parklane Group has unveiled plans for INC, a £160m ($222.25m) mixed-use and PRS development, at the western gateway to Leeds City Centre in England, UK.

Under the plans, the group plans to deliver a transformational space to visit, work, live and play under one roof, through a 33-storey, 45,000m2 building in Leeds.

The site on Wellington Street is located close to the Leeds’ inner ring road.

It will be developed into a mix of commercial, residential and leisure facilities, and will include a 198-unit aparthotel, 163 PRS apartments, 200 co-living apartments, 4,000m2 of co-working space, a bar and restaurant, swimming pool, gym and retail facilities.

Architect BDP has been appointed to develop the design for INC.

Parklane Group director Naveen Ahmed said: “INC in Leeds has been designed to be a city-defining development, providing a step change in the PRS, co-working, hospitality and retail offer across the North of England.

“Our vision is formed around not only developing world-class facilities, but creating a lifestyle that fits the aspirations of the innovative and dynamic businesses and people in our city.

“Our ambition for INC in Leeds is to create a stand-out building in the North of England, competing with schemes with a national and international profile. We want this landmark building to become an asset for the city, with accessible public space that enhances the community and offers premier facilities under one roof.

“This development will be the first of its kind in the UK and a concept that can be rolled out in other cities across the country and internationally.”

The Parklane Group will showcase INC as one of Leeds City Region’s prime investment opportunities at real estate event MIPIM to be held in Cannes, France, in March 2018.

Leeds City Region Enterprise Partnership (LEP) chair Roger Marsh said: “Wellington Street in Leeds has seen growing investment interest over the past few years and this part of the city has become a prime investment location for global businesses.

“The vision for INC in Leeds complements the investment opportunities we have in this part of the city and proposes a unique offer to businesses and people.

“I look forward to hearing more about this investment proposition as part of the Leeds City Region presence at MIPIM.”

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