Developer in RBS funding deal for flats
London & Scottish Investments has secured a £19.8 million finance deal from Royal Bank of Scotland to push ahead with a major student scheme in Leeds.
A development company owned by London & Scottish will use the funding to transform a former office building in the city into a 23-storey student accommodation complex.
The total cost of the development is more than £33m and some 250 indirect jobs will be created over the course of the next 15 months. The project is expected to complete at the end of 2019, with the first residents due in early 2020.