Maslow Capital supports residential development in Leeds with £32.8m loan

By Bridging Loan Directory 20th January 2022

Specialist real estate development finance provider Maslow Capital has announced the completion of a £32.8m development loan, assisting Citylife with ‘Springwell Gardens’, a 223-unit residential scheme in central Leeds.

Adding to a growing skyline of impressive residential developments in Leeds, the 16 storey Springwell Gardens is set to become a bold architectural statement with a unique sail-like façade.

Thoughtful interior design will be combined with private, south facing roof terraces and a residents-only garden to provide extra living spaces along with a host of further amenities.

The result is a progressive inside-outside living experience that fosters inclusive communities that will encourage people to experience the best of city living in an ever-evolving city.

Residents of this scheme will benefit from its central location, which is only a 10 minute walk to Leeds Train Station, the city centre and the new £350 million CEG Holbeck urban village Southbank development.

Its strategic location on Whitehall Road coupled with its unique design will make it a focal point along this important road, encouraging a bold new community for the north-west of Holbeck.

Contractor Morgan Sindall has been appointed to deliver the project, which is expected to complete in 2023. Citylife has also agreed a forward-sale of around 60% of the apartments to private investors via its advisor Aspen Woolf.

Matt Pigram, Partner and Head of Deal Origination at Maslow Capital, said:

“We are delighted to support Citylife with the development of their exceptional project in the centre of Leeds.

The Citylife team have a real passion for the city, and we couldn’t be more thrilled to support them with their forward-thinking, ambitious project that is capable of enhancing the living experience of all its residents.”

Gareth Morgan, Managing Director of CityLife, said:

“It has been a pleasure to collaborate with Matt and the Maslow team on this complex funding package and we are incredibly proud to bring forward this prestigious project to the city of Leeds.”