BAM seeks £90m for Leeds BTR

BAM Properties is selling its build-to-rent scheme at Latitude in Leeds city centre, seeking offers in excess of £90m.

It has instructed BTR Capital Partners, formerly LIV Capital, to secure a funding partner for the 463-flat scheme at Doncaster Monkbridge Works near Whitehall Road, adjacent to the HMRC government hub at Wellington Place.

The BTR scheme comprises studio, one-, two- and three-bedroom apartments across two towers of 17 and 21 storeys, with residents’ lounges, roof gardens and a ground-floor gym.

The development has an expected net initial yield of 4.75%.

The development was approved by Leeds City