Legal & General (‘L&G’) and Glenbrook today announce the funding of a £140m residential development in Whitehall Riverside in Leeds, committing to the delivery of 500 new homes. This marks the third scheme funded by L&G in the City and, upon practical completion, will bring the number of new rental homes it has delivered in Leeds to over 1,000. Glenbrook is leading the development of the Whitehill Riverside scheme, with completion expected in April 2026.
The Whitehall Riverside development will be made up of residential apartments, all designed for rental occupancy. The development consists of a mix 1, 2, and 3-bed flats and includes resident facilities such as a concierge, lobby, gym, podium gardens and terraces. The project resides on the banks of the river Aire and includes ground floor retail and 60 parking spaces.
Responding to enduring regional demand for high-quality rental property, the development sits within a new residential and business district in Leeds City Centre. As part of the wider masterplan for Whitehall Riverside, the development will act as a catalyst for the creation of a new mixed-use riverside destination – aiming to cement its position as the leading place to live and work in Leeds City Centre. The development’s location has been carefully considered to ensure that residents benefit from the diverse and growing employment opportunities, as well as its cultural destinations, local amenities, and strong transport links – including Leeds Central station, which is within a five-minute walk.
With ESG at its core, the impact of the Whitehall Riverside scheme – both on the environment and local community – has been prioritised in design proposals. The development has been designed to achieve BREEAM “Excellent” and HQM (Home Quality Mark) Level 4, as well as an ambition to be operationally net zero carbon by 2030. The public realm and landscaping proposals, which include a new riverside green and over 100 new trees, with the aim to deliver a significant bio-diversity net gain and improve environmental resilience – seeking to enhance the community for both existing and prospective residents.
The investment follows L&G’s acquisition of Mustard Wharf BTR site in 2017 and Tower Works in 2021 – both of which sit within Legal & General Investment Management’s (LGIM) Build to Rent Fund.
L&G were advised by Savills and Glenbrook were advised by CBRE.
Adam Burney, Head of Annuity BTR at Legal & General Investment Management Real Assets: “The BTR sector has continued to see substantial and sustained growth in recent years, as investors continue to be attracted by burgeoning demand for high quality rental property in the UK. We’re pleased the asset class has proven resilient through recent macro-economic pressures – this latest scheme reaffirms our confidence in the market, as well as the growth prospects of city centres like Leeds.
“The Whitehall Riverside development has been designed with a focus on lifestyle and resident satisfaction, aiming to ensure quality, operational efficiency, and long-term environmental sustainability that meet the needs and aspirations of residents. As a major investor in UK real estate, we remain committed to levelling up the UK by ensuring communities across the country have adequate access to employment, infrastructure and housing, seeking to make policy objectives a reality.”
Ian Sherry, director at Glenbrook, commented: “To have secured the largest funding deal Leeds has seen, against such challenging economic conditions, demonstrates the strength of the investment proposition we have created here at Whitehall Riverside. This will be a best-in-class residential scheme on one of the most prominent sites and locations in the city.
“Working with our trusted partners, Glenbrook is at the forefront of the UK’s BTR drive, delivering exceptional schemes which meet residents’ evolving needs. L&G’s continued commitment to both Leeds and to Whitehall Riverside is a further demonstration of their belief in the quality of the scheme, the City’s residential market and acknowledges the clear demand for well-managed, highly sustainable, purpose-built accommodation.”
Andrew Kail, CEO of Legal & General Retirement Institutional: “Today’s announcement showcases our commitment to deliver positive social outcomes across the UK. By investing in the growth of residential areas, such as the Whitehall Riverside development in Leeds, we are supporting a truly vibrant city that hosts key economic and employment sectors such as healthcare, life sciences, digital technologies, advanced manufacturing, as well as financial and professional services. This investment has a powerful intergenerational aspect – an example of how we are using pension savings to create productive assets for future generations.”
Tom Sinclair, Senior Director of Investment Properties at CBRE, said; “CBRE is delighted to have advised Glenbrook on the funding of Whitehall Riverside, marking the largest ever BTR funding transaction in Leeds. The funding of this development is a landmark moment for the city of Leeds. The new development will provide high quality city centre homes in the heart of Leeds, complemented by retail and public realm which will further animate this important part of the city and connect the successful Wellington Place district with Leeds’ vibrant South Bank.”
Stockport continues to add to its appeal 🎩
The vibrant town centre - home to our @hellostok building - will now officially take on the title of Greater Manchester’s Town of Culture for 2023 👏🏽
An event was held at the Hat Works this afternoon confirming the title, with Mayor of Greater Manchester @nightmayor2023 in attendance along with Councillors and The Blossoms band
#culture #stockport #building #workspace #glenbrook #manchester #investment #development
Picture @stockporttownofculture
Welcoming our newest team members 👋🏼
We’re thrilled to have expanded our team once more, with six new appointments!
Mark Edwards has been appointed as our Land and Property Director, with Sunny Johal joining us as Development Director.
In addition, Mike Armstrong has joined as a Property Manager, Mia Godfrey as Design and Marketing Manager, Louise Quinn as Property and Service Charge Accountant and Mandy Mills as PA to the Directors and Office Manager.
Speaking about the company’s growth Guy Butler, director at Glenbrook said: “This is a hugely exciting moment for Glenbrook. As we set our sights on growing our investment and development portfolios nationally, we need to ensure we have the best people with the right experience to achieve our ambition.
"These six appointments complement the exceptional team we already have created."
#marketing
#team
#design #experience
#growth
#development #people
#investment
#investment #btr
#buildtorent
#property
“Glenbrook is excited by the growth and potential in Leeds”
We’re in Leeds this week, joining industry peers @ukreiif
It’s pertinent timing therefore to read our colleague Daniel Roberts' comments on the Leeds market, in a recent piece for Yorkshire Business Insider.
In the new article Danny says: “There’s rightly a lot of noise coming out of Leeds at the moment and people see the opportunities".
Read the whole article in this month’s Insider - or you can meet our colleagues at UKREiiF all this week, including our colleague Shannon Conway who joined one of the event panel debates on Yorkshire this afternoon.
#business #growth #event #people#opportunities #UKREiiF #ukreiif2023#glenbrook
🎥 Welcome to a new dimension 🎥
Today we’d like to share with you, the very first filmed episode of the Glenbrook Official Podcast!
In this episode, our colleague Guy Butler talks with
James Whittaker, Executive Director at @peellandp about his early life and career path - giving you insight into well known places like @thetraffordcentre, Therme and Peel Waters.
James also tells us about his sporting achievements. - did you know he was the first person to ever swim the Manchester Ship Canal! A distance of 36 miles in close to 19 hours, a feat that may never be repeated. And he did it for charity, raising a staggering £1.3 million for the New Children’s Hospital Appeal.
With all these insights and more, this is an episode not to be missed. Watch and listen via the link on today’s stories or in our bio ☝🏼
#career
#share
#like #podcast
#charity
#property #propertyinvestment
#manchester
#trafford #traffordcentre
#propertyexperts
#propertystories
#glenbrook
#btr #buildtorent
All this month we’ve been sharing our social value report with you, highlighting the work we are doing in local communities and in and around the buildings we create.
We hope you’ve enjoyed reading our report. For now, Glenbrook is committed to delivering sustainable new places, bringing forward more conscious and sustainable neighbourhoods and buildings across the country.
Read more in our bio ☝🏼
#socialimpact #socialvalue #charity#goodcause #sustainability #givingback#localcommunities #glenbrook
We have been granted planning consent at appeal for a new 625,000 sq ft employment park in Wigan, Greater Manchester.
Located close to the M6 motorway, our team identified and secured the 40-acre site for development on what is one of the last allocated employment sites in Wigan.
The site has been allocated for employment use in Wigan Council’s Unitary Development Plan and forms part of the South Lancashire Industrial Estate (SLIE) Primary Employment Area.
Glenbrook submitted a hybrid application in July 2021, with an appeal application subsequently submitted in October 2022 before the decision to approve was granted.
Speaking about the decision our colleague
Dan Symonds said: “We are thrilled to receive the positive appeal decision from The Planning Inspectorate.
"Wigan has a clear pressing need for employment space, and delivery of this long standing allocated site will go some way in satisfying that demand.”
The scheme is designed by
@aew_architects with
SGi Consulting Engineers appointed as civil and structural engineers.
@geraldevellp is the planning consultant for the project.
#team
#development
#consulting
#project
#employment
#planning
#wigan
We’re attending UKREiiF next week, with our colleague and residential director Shannon Conway taking to the Yorkshire panel to discuss prospects for the region
@ukreiif connects people, places and businesses to accelerate the Levelling Up Agenda, whilst unlocking sustainable, inclusive and transformational investment across the UK
The major 3-day event brings the public sector – with every core UK city and region involved – Government, investors, funders, developers, and house builders together in Leeds
We hope to see you there!
#people
#event
#sustainable
#investment
#ukreiif
#btr #residentialproperty
#buytorent
Today marks our one year anniversary at Union - the building in Manchester that our Glenbrook team calls home
We are settled in and you are always welcome to pop by for some freshly brewed coffee ☕️
To celebrate we’re showcasing a behind the scenes look of the Glenbrook office in action; we hope you enjoy it
#home
#workspace
#manchester
#glenbrook
#offices
#team #culture
#wellbeing
#btr
#buildtorent
This past year, Glenbrook has helped great causes, including @woodstreetmission
This fantastic Manchester charity helps children and families affected by poverty in Manchester and Salford. Supporting the community for over 150 years
Among our initiatives this year was helping them arrange four trips for young people in Salford. The groups were sent on a great day out to @bewilderwood_cheshire, working and playing together. We also worked with Styal Prison who prepared packed lunches for the children to enjoy on their day
#socialimpact
#socialvalue
#charity
#goodcause
#sustainability
#givingback
#localcommunities
#glenbrook
As part of our ongoing commitment to support local communities and grass roots organisations we’re proud to share with you today the news that we’re sponsoring the @womeninproperty in Property and Women In Social Housing “Three Shires, Three Points Challenge” hosted by Freshwalks in aid of @dmsf_uk
The Three Shires, Three Points Challenge, will see participants take on a varied and challenging 26km loop (1000m+ ascent) next month. The route runs from Macclesfield Forest, incorporating the highest points in Cheshire and Staffordshire extending into Derbyshire at Three Shires Head.
DMSF is a brilliant Manchester-based charity established by Commonwealth Games gold medallist
@dianemodahl, who represented Great Britain in four Olympic Games from 1988 – 2000.
The charity draws on Diane’s early experiences as a young person from a deprived community, something that has inspired her to establish a youth foundation to help those most in need.
We’re proud to support DMSF’s efforts this summer and encourage anyone available to sign up and join in via @freshwalks and @womeninpropertynw.
All money raised will be donated directly to DMSF.
#community
#share
#property
#sports #money
#money
#help #housing
#charity
#socialvalue
#socialimpact
#glenbrook
Our Residential Director Shannon Conwayspent some time with @womeninproperty last week, being interviewed by a group of students who quizzed Shannon on the industry and her career journey to date.
Here are some pictures from the event.
📸 @womeninpropertynw
#career #event #property #students#careersinproperty #womeninproperty#glenbrook #btr
As we continue our focus on social value, today we are looking at the importance of cultivating communities which promote wellbeing.
This past year, we’ve done this by creating spaces that will serve local communities sustainably for the long term. creating landscaping and public realm, planting new trees to help local ecosystems, and investing in infrastructure to support active travel.
#help #travel #investing #wellbeing#infrastructure #health #colleaguehealth#healthandwellbeing #glenbrook
