UK: Developer Town Centre Securities is planning to start work on a Leeds aparthotel later this year.
In its home city, the developer is working with the city council to deliver a 126-key aparthotel at George Street, on a site that sits between Kirkgate Market and Victoria Gate. The project will also include nine ground floor units for a range of commercial uses, including retailing, cafés and restaurants, bars or takeaways.
The company will also start work on a PRS scheme in Manchester this year.
Chairman Edward Ziff said: “We continue to improve our portfolio and maintain our track record of managing the business for long-term success, notwithstanding that the combination of Brexit uncertainty and continued seismic change in retailing makes it a tougher environment in which to operate. This means the importance of our development pipeline, that we have built up over time into a sizeable opportunity, is clearer than ever. We remain optimistic about TCS’s prospects and the opportunities in our development pipeline.”
