Good news for Leeds city cen­tre

Yorkshire Post - Property - - PROPERTY -

GUY Ack­ern­ley, head of res­i­den­tial in Jones Lang LaSalle’s Leeds of­fice has wel­comed news that gov­ern­ment loans worth £1bn will be avail­able to help un­block larger hous­ing de­vel­op­ments on sites in Leeds and Manch­ester.

Guy says: “I wel­come news that the Chan­cel­lor has ac­knowl­edged it needs to do more to en­cour­age de­vel­op­ment. Leeds city cen­tre has been starved of new build res­i­den­tial ac­tiv­ity over the past five years and a lack of stock con­tin­ues to be an is­sue for would-be buy­ers. With two ma­jor plan­ning ap­pli­ca­tions sub­mit­ted in the city cen­tre re­cently, com­bined with this lat­est an­nounce­ment, we will hope­fully see de­vel­op­ers putting spades in the ground once again.”

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