Leeds’ Arena Quarter PBSA tops out

The scaffolding has now come down to reveal QIP and Urban's new Merrion Street landmark, ahead of the development opening this summer.

The PBSA development at Merrion Street in Leeds | Urban Developments, QIP, Brewster Bye | Prestige Living | Homes for Students | Q Investment Partners | PBSA News
The PBSA development at Merrion Street in Leeds.

Urban Developments (York) Ltd and Singapore-based private equity real estate firm Q Investment Partners (QIP) have announced the topping out of a new purpose-built student accommodation (PBSA) scheme being built in the heart of Leeds city centre’s Arena Quarter.

Designed by Brewster Bye Architects, the part five, part seven and part nine storey building is being delivered by Urban Developments (York) Ltd on a site previously occupied by a bar and nightclub. In late 2022, QIP acquired the scheme in a deal worth approximately £15m and secured planning in March 2022.

“Work on this development is progressing well which is testament to the strength and experience of the whole development team and everyone involved is pleased to reach these important construction milestones. We’re now looking forward to completing the internal fit-out and are on track to hand the development over to QIP this summer, with students moving in for the start of the 2024/25 academic year.”

Nick Gould, Urban Developments (York) Ltd

Once complete, the development will comprise 88 high specification studio apartments with residential amenities to include a lounge, gym, study rooms, a cinema room, laundry facilities, staffed reception area and cycle spaces.

“We are very proud of our recent collaboration with Urban Group that included a strategic revamp of our product standards as we continue to best position our upcoming UK PBSA developments. This Leeds asset will be an important addition to our expanding student housing platform.”

James Coppack, QIP Development Group

The PBSA development will be operated by the Homes for Students brand – Prestige Student Living.

“After designing the scheme and securing planning permission for it in 2022, it’s brilliant to see it heading towards completion and now the scaffolding is down, it’s revealed the façade and high-quality materials that are a key feature of the development. It’s also rewarding to see how its stepped design complements the surrounding streetscape, in such a great location, just a short walk from the universities and surrounded by bars, restaurants and shops, which will make it a very popular place to live.”

Mark Henderson, Director, Brewster Bye

QIP’s UK portfolio consists of 11 assets to date as it pursues a strategy to deliver c.2,000 beds across prime university cities.