Plans to redevelop historic Leeds city centre buildings receive funding

Plans to revive a Leeds city centre pub and convert a former hotel into student accommodation has secured the backing of lender BLG Development Finance.

Stirling Prescient, a joint venture between Asset Capital and Prescient Capital, has planning consent to redevelop the former Victoria Commercial & Family Hotel and adjacent Shenanigans pub into a 54-room student accommodation while keeping the ground floor pub which will be restored by Kirkstall Brewery and Whitelock’s Ale House. The plans include partial demolition and the creation of a four storey rear extension.

The Victoria Hotel was built in 1865 and had 28 bedrooms above while Shenanigans extended into the former Masonic Hall and Central Tower. The developers have pledged to restore the Grade II listed building’s Victorian facade.

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Leeds-based headoffice3 has been appointed to carry out the works which started this month and are scheduled to complete by the end of the year. Meanwhile planning consultants, Quod, NW Architects and Montagu Evans are advising on the project. Prestige Student Living will manage the accommodation.

Daniel Newett of Asset Capital, said: “We are delighted to partner with BLG to bring forward this important regeneration and conservation project. Our plans will help to preserve this historic pub for future generations to enjoy whilst also making best use of the wider plot for much needed new student accommodation. The JV team is local to the area with considerable understanding and expertise in the long-term viability of commercial estate development and an extensive portfolio of successful student led schemes.”

Perry Kurash, head of new business at BLG said: “We are delighted to be working with such a highly professional team on this really exciting project. I am sure it will be a great success and will serve the City extremely well.”

Original artice – https://business-live.co.uk/all-about/yorkshire-humber

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