housing developer Redrow has agreed a deal to build up to 300 new homes on a 20-acre site at Thorpe Park, Leeds.
Thorpe Park Developments Ltd, a joint venture between Scarborough Group International and Legal & General Capital, has agreed to sell the land on the east Leeds site. The deal forms part of a wider plan to deliver the residential element of a mixed use scheme in phase two on the 200-acre Thorpe Park site.
Redrow’s Yorkshire operation will develop housing with an anticipated finished worth of almost £70 million.
Redrow will also be responsible for a package of community benefits worth about £1.85 million, including contributions to education and public transport. Aswell as housing, Thorpe Park Leeds has planning consent for a 1.35 million sq ft mixed use expansion of the existing 800,000 sq ft business park.
Preparation work is already underway for a new shopping and leisure park and a first phase of offices. The development also includes a 113 acre public park with sports facilities.
Redrow’s development will be a ‘gateway’ to the eventual creation of up to 7,000 homes including the East Leeds Extension.
The Thorpe Park Leeds development will deliver the primary infrastructure to kick start the new East Leeds Orbital Road and initial site preparation works have already started to connect Manston Lane, Crossgates, to J46 of the M1.
Matthew Barker, land director for Redrow Homes (Yorkshire), said: “We’re very excited to be involved in the Thorpe Park Leeds project and, with it, the wider East Leeds Extension, which is the largest housing development in the Leeds City region.”