Property developer Torsion Group has formed a joint venture with CityLife to bring forward the 34-storey, £90m Sky Gardens development in Leeds Southbank.
Torsion Group’s delivery arm, Torsion Construction, has signed a £46.5m build contract to deliver the project on behalf of the partnership, which will be one of the the tallest residential buildings in Leeds.
CityLife is currently concluding site remediation of the brownfield site, and Torsion Construction is due to start on site in January 2024, with the project’s completion due Q1 2026.
Dan Spencer, CEO of Torsion Group, said: “We are delighted to be entering into a joint venture with CityLife and believe that there is a close alignment of strengths between both companies that will allow us to achieve great things for the city of Leeds. Torsion has a long track record of successful project delivery and sustained business growth, and this JV continues to support this.”
This is CityLife’s second development in Leeds, having just achieved practical completion on the 16-storey Springwell Gardens development on Whitehall Road.
Gareth Morgan, managing director of CityLife, added: “Leeds is a fantastic city, and it is an extremely exciting period watching the skyline evolve with so many impressive commercial and residential developments. After the success of Springwell Gardens, it was a logical move to form a joint venture with an experienced developer who has in-house construction expertise. I have known Dan and Torsion for several years and expect this to be the first of many future collaborations.”
