Caddick Construction completes phase 2 of SOYO in Leeds

Caddick Construction has completed the Madison East and Mercer West Build to Rent developments at SOYO |  Hestia |  BTR newsCaddick Construction has completed the Madison East and Mercer West Build to Rent developments at SOYO |  Hestia |  BTR news
Caddick Construction completed the Madison East and Mercer West Build to Rent developments.

On behalf of Federated Hermes Real Estate residential platform Hestia, Caddick Construction – part of the wider Caddick Group – has completed the construction of the two newest residential blocks in the SOYO district of Leeds city center – Madison East and Mercer West.

Located south of York Road in Leeds, the two new SOYO buildings include 331 Build to Rent apartments, two retail units, parking and sustainable public spaces for the local community.

The £57.4m development follows the completion of an earlier phase at SOYO, New York Square, where Caddick Construction delivered two 16 and 17 storey Build to Rent developments, housing 515 unique one, two and three bedroom apartments for Fashion Living.

“Before a spade ever hit the ground on SOYO Madison East and Mercer West, collaboration was at the forefront of our operations. Working in partnership with Hestia and our sister company, Caddick Developments, means we can ensure we achieve the best quality across the board, creating landmark residential developments that regenerate a vibrant Leeds city center neighbourhood.

“As we continue to grow our residential portfolio across the North of England, SOYO Leeds marks an iconic era for us and we look forward to seeing the space form a new cultural hub for this thriving metropolitan city.”

Paul Dodsworth, Managing Director, Caddick Construction Group

SOYO is the newest mixed-use precinct in Leeds city center and once complete, the precinct will offer over one million square feet of space to live, work and enjoy. The new development includes some of the largest green public spaces in the city, high-quality residential buildings and a hub for local art exhibitions, enhanced by its location in the heart of the city’s cultural quarter.

Build to Rent development completed at SOYO in Leeds |  Caddick Construction |  Hestia |  BTR newsBuild to Rent development completed at SOYO in Leeds |  Caddick Construction |  Hestia |  BTR news
Build to Rent development completed at SOYO in Leeds.

Hestia focuses on providing affordable residential assets that will have a positive impact on the environment and the communities in which they live. Since inception, Hestia has embodied Federated Hermes’ responsible property investment agenda by sourcing and developing housing in neighborhoods where people want to live, to a specification enhanced by an eight-year operational track record and all aligned to Hestia Net Zero Carbon . Path.

“The collaboration with Caddick on Mercer West and Madison East has been very successful, resulting in the delivery of 331 high quality sustainable homes, all located in Leeds’ vibrant new Cultural Quarter. We welcomed our first residents in January and expect to be at full occupancy by the end of the summer, which is testament to the continued demand for high quality environments as we strive to provide the amenities residents value really affordable prices. “

Matthew Chillingworth, Fund Management Director, Federated Hermes

The scheme’s contribution to creating vibrant and authentic communities was highlighted by the recent appointment of local artist EV Hardaker (Emma) as SOYO’s ‘Artist in Residence’.

After working with Emma for nearly five years, Caddick Group recently strengthened this partnership with the launch of The Arch – a major temporary art installation that embodies the area’s identity. Emma will continue to enliven the area as the major regeneration project enters its final phase.

“We are very excited that the SOYO regeneration project will continue its progress and make a further contribution to the vibrant, modern and sustainable quarter that is being established at the heart of Leeds’ cultural quarter.

“The project brings together high quality residential spaces, fantastic public realm and green spaces and collaborations with local artistic talent like Emma to deliver positive social change as well as jobs and investment in the local economy.

“Now approaching the final stage of development, we look forward to continuing to work in partnership with both Caddick Construction and Moda to deliver this fully transformative scheme.”

Lee Savage, Director, Caddick Developments