An eatery pop­u­lar with TV stars is to make way for a £ 30m stu­dent scheme.

Yorkshire Post - Business - - BUSINESS / VOICES - Lizzie Mur­phy BUSI­NESS RE­PORTER @ lizziec­mur­phy

De­vel­op­ers have bought the site of a well- known Chi­nese restau­rant for a £ 30m stu­dent com­plex.

Gre­gory Prop­erty Group ex­changed con­tracts to pur­chase the one- acre site of Maxi’s Chi­nese restau­rant on Bin­g­ley Street in Leeds city cen­tre.

WYG has sub­mit­ted a full plan­ning ap­pli­ca­tion to de­mol­ish the ex­ist­ing restau­rant and build a 400- bed stu­dent scheme.

The restau­rant, which is still open, plans to re­lo­cate within the area if a suit­able op­por­tu­nity presents it­self. In the mean­time, it will fo­cus on Maxi’s York, in Nether Pop­ple­ton, an­other 300- seater restau­rant.

Gre­gory has pre­vi­ously built of­fice schemes on Welling­ton Street and White­hall Road as well as the £ 40m Broad Street Plaza in Hal­i­fax. It is ex­pand­ing its res­i­den­tial port­fo­lio with a num­ber of be­spoke hous­ing de­vel­op­ments in York­shire and is ac­tively seek­ing other prime site op­por­tu­ni­ties.

Barry Gre­gory, of Gre­gory Prop­erty Group, said: “We are pleased to have se­cured this site through com­pet­i­tive ten­der which recog­nises the cre­den­tials of our longestab­lished busi­ness to de­liver sus­tain­able de­vel­op­ment.

“The ap­petite for high qual­ity stu­dent ac­com­mo­da­tion con­tin­ues to grow apace with Leeds be­ing one of the top ten univer­sity des­ti­na­tions in the UK.

“With a grow­ing stu­dent pop­u­la­tion of around 60,000 stu­dents in the city there re­mains sus­tain­able de­mand.

“More than half the stu­dent

pop­u­la­tion is made up of Univer­sity of Leeds which has a grow­ing num­ber of in­ter­na­tional stu­dents who have a propen­sity to stay in pur­pose built stu­dent ac­com­mo­da­tion ( PBSA).

“This par­tic­u­lar site sits within an es­tab­lished PBSA lo­ca­tion, where ac­com­mo­da­tion is most needed.”

Gre­gory Prop­erty Group is aiming to start on site in Fe­bru­ary 2019, sub­ject to plan­ning con­sent.

Caris­brooke Es­tates acted on be­half of Gre­gory Prop­erty Group in the ac­qui­si­tion of the site.

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