West Yorkshire Combined Authority contributes £5.7m to housing scheme

Homes England (the government’s housing and regeneration agency), Greater Manchester Pension Fund (GMPF) and West Yorkshire Pension Fund (WYPF) are to provide a £91 million loan over a four-year term to contribute towards a residential project in Leeds. Alongside this, the West Yorkshire Combined Authority has provided a £5.7 million grant from its brownfield housing fund.

The scheme, a joint venture with Glenbrook, will deliver 618 one-, two-, and three-bedroom apartments on Kirkstall Road, just one mile out from Leeds city centre.

The five-acre site will include over 10,000 square feet of amenity space, a residents’ lounge, co-working area, gym, and 3,8000 square feet of commercial space. Construction has started and is expected to be completed by the end of 2027.

Darran Ward, head of alternatives at West Yorkshire Pension Fund, said: “We are proud to support this significant investment in Leeds, helping to deliver high-quality, energy-efficient homes that are much needed in our region.

“By working alongside our Northern LGPS partner Greater Manchester Pension Fund, and Homes England, we are demonstrating how collaboration between institutional investors and government can drive local economic growth, create jobs, and provide long-term, sustainable housing solutions.

“This project reflects our commitment to investing in our home market whilst ensuring returns for our members.”