Latitude, Leeds - Bridges Fund Management

    

    


























 






    
	            
			    
    



		
		    

    
    
    





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Latitude, Leeds

Delivering high-quality, lower cost housing in Leeds.

Investment Strategy

Property

Theme

Stronger Communities

Date of initial investment

December 2020

Bridges Executives

Simon Ringer
David Schlegel
Celia Harrison

Thesis

Research indicates that England needs 340,000 new homes a year until 2031 to tackle the housing shortage, including 90,000 for social rent. High demand means there is a pressing need for more lower-cost and affordable housing, while investing in high quality housing provision will help towards community regeneration.

Investment

Latitude is a 2.3-acre site in a major regeneration area close to the centre of Leeds, which we acquired in December 2020. The local authority is one of the 18% most underserved in England; with our long-standing joint venture partner HUB, we’re addressing the strong demand for lower-cost and affordable family units in this area.

Outcomes

The Latitude development is expected to deliver over 850 high-quality lower cost housing units – a significant contribution (over 25%) towards the annual housing needs of Leeds – and will play a crucial role in the positive regeneration of the area. Preliminary estimates have indicated that the build will achieve a c.50% reduction in CO2 emissions vs a standard new-build.