RBS has appointed agents to sell almost six acres of prime development land at the heart of Holbeck Urban Village on Leeds South Bank.
Gent Visick and Sanderson Weatherall will seek buyers for the Holbeck Portfolio, inviting bids for each of the seven individual plots or for the entire collection.
The jewel in the portfolio is a trio of plots with consent for a £250m mixed-use scheme comprising just under 250,000 sq ft of offices and 432 flats.
The overall site, which is subject to multiple consents, could accommodate more than double this amount of development.
EMCO Estates Holdings originally assembled the site, financed by RBS.
However, it was bought by the bank’s bidder of last resort, West Register, following its administration.
EMCO spent more than a decade working up plans for the site in conjunction with Leeds city council and Yorkshire Forward, and RBS’s asset management division has since renewed consents as well as advancing plans for an extensive redesign of a scheme for the complete portfolio.
RBS’s plans include over 700 new homes and 200,000 sq ft of offices, plus shops, hotel space and a multi-storey car park.
The bank’s global head of real estate asset management, Helen Gordon, said the alterative scheme had been created in consultation with the local authorities and was designed to provide further flexibility for a potential buyer.
“The portfolio represents an extremely attractive and unique opportunity to purchase a prime development site in central Leeds with an existing planning consent,” she added.
