Federated Hermes has forward funded the next stage of Caddick Group’s SOYO neighbourhood in Leeds, which will be a 331-home scheme under its build-to-rent brand Hestia delivered by Caddick Group.
The scheme comprises two adjoining blocks in the new city centre district, with planning permission held for 331 apartments – a mixture of studio, 1,2 and 3 beds – as well as outdoor courtyards, and 12,000 sq ft retail, restaurant and ground floor amenity space. The blocks will be delivered alongside a new public realm including green spaces and a pedestrian square, in the fast-evolving cultural quarter of the city.
Leeds-based DLG Architects have been tasked with designing the buildings with sustainability credentials that go beyond current statutory requirements, using techniques to reduce embodied carbon alongside high levels of insulation and renewable technologies part-powering the building.
Scheduled for completion in late 2023, the project will support 2,000 construction jobs and 14 apprenticeships in the sector during the course of the build programme, which will be carried out by our sister company – Caddick Construction.