Citylife secures £32.8m loan from Maslow for Leeds residential scheme

Maslow Capital has completed a £32.8m loan — agreed on a 28-month term — to assist Citylife with the development of a 223-unit residential project in central Leeds.

The 16-storey Springwell Gardens scheme will be located close to Leeds Train Station, the city centre and CEG’s new £350m Holbeck urban village.

Residents will benefit from a range of amenities, including private south-facing roof terraces and a residents-only garden.

Contractor Morgan Sindall has been appointed to deliver the project, which is expected to be completed in 2023. 

Citylife has also agreed a forward-sale of around 60% of the apartments to private investors via its adviser Aspen Woolf.

Matt Pigram, partner and head of deal origination at Maslow Capital, said: “We are delighted to support Citylife with the development of their project in the centre of Leeds. 

“The Citylife team has a real passion for the city, and we couldn’t be more thrilled to support it with its forward-thinking, ambitious project that is capable of enhancing the living experience of all its residents.”

Gareth Morgan, managing director at CityLife, added: “It has been a pleasure to collaborate with Matt and the Maslow team on this complex funding package and we are incredibly proud to bring forward this prestigious project to the city of Leeds.”

Leave a comment