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The Guinness Partnership has bought a 928-home site with full planning permission in Leeds, it announced.
The development, which will be Guinness’ biggest single consented residential scheme in the association’s history, involves building new homes at Hunslet Road near Leeds Dock.
Under previous plans for the site before Guinness bought it, just 5% of the new homes would have been affordable – it has increased this to 35%.
The 66,000-home association bought the site, just minutes from Leeds Station, from developer X1 Developments.
It did this with the support of part of the £224m it received from Homes England under Guinness’ strategic partnership agreement with the government agency and fellow housing association Stonewater.
Under this agreement, the two housing associations are supposed to start building an extra 4,500 affordable homes across England by 2022.
Catriona Simons, chief executive of The Guinness Partnership, said: “This site, within the Leeds South Bank Regeneration and Innovation District, is a fantastic opportunity for us to create over 900 homes in a vibrant new neighbourhood in Leeds. We intend at least 35% of the homes to be affordable.
“We plan to build over 9,000 new homes by 2023, with our vision to create great homes where people are proud to live. Funding from Homes England means we have been able to extend our development programme in Leeds to fulfil that vision.”
Michael Adesioye, chief executive of Dandor Properties, said: “We’re proud to have played a significant role in the delivery of this historic deal and will continue to build on our strategy of identifying development sites across the UK and working with land owners who wish to sell their land.”
Councillor Richard Lewis, executive member for regeneration, transport and planning at Leeds City Council, said: “The Guinness Partnership’s proposals are fantastic news for Leeds. That it is committing to its biggest ever scheme here and intending to deliver so many new affordable homes is a real mark of confidence in our vision for the South Bank, where we want to ensure regeneration and growth benefits all the city’s residents.”