Torsion forms JV to build £90m Leeds resi tower

Grant Prior 8 months ago

Torsion Group has formed a joint venture with CityLife to bring forward the 34-storey Sky Gardens development in Leeds Southbank.

Torsion Construction has signed a £46.5m build contract to deliver the project which has a £90m Gross Development Value on behalf of the JV partnership.

Sky Gardens 284 apartments and will be one of 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. Completion of the project is due in Q1 2026.

Project partners include Architect DLA, Quantity Surveyor Rex Procter & Partners and Planning Consultants ID Planning.

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.”

Spencer added: “Sky Gardens represents our commitment to creating amazing places for people to live and ease the housing under supply in Leeds city centre.

“It also shows our strong belief in the thriving Leeds economy and Torsion’s continued growth in the residential for-sale sector.

“This deal showcases our ability to work with partners to ensure developments are funded. Torsion offers the benefits of our fully vertically integrated business model across developments, construction, operations and track record of successful project delivery.”

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.”


Latest news

Mace lands £184m Oxford Science Park contract

Contractor to build trio of laboratory and office buildings
13 hours ago

Sir Robert McAlpine clinches £4bn Somerset gigafactory

2.6m sq ft car battery plant will require over 2,000 workers at peak construction
17 hours ago

House builder Hill Group tops £1bn turnover

Group's controlled development pipeline stands at £10bn
16 hours ago

Higgins wins 360 new homes job in south London

Firm will now work up planning for phase 2 of Brixton housing project
17 hours ago

Kier starts £48m Ealing high school job

Northolt High School to be rebuilt for 1,130 pupils
18 hours ago

Plans in for £64m Suffolk A12 upgrade

Work to start next summer on dualling and junction upgrades
17 hours ago

Man suffers multiple fractures in HS2 accident

Engineering firm fined after fall leaves worker in hospital for two months
16 hours ago

Go-ahead for Milton Keynes’ largest private rental project

Platform_ to build 20-storey scheme of 335 flat next to train station
4 days ago

A2Dominion reins in new-build and cuts development team

Housing association to stop private new build sales in big strategy switch
4 days ago

Sellafield partnership appoints final key delivery partners

Altrad and Kaefer bag £180m access, insulation and painting deal
4 days ago

Health centre canned as build costs double in four years

Devon NHS stands down plans for Health and Wellbeing Centre in Teignmouth
4 days ago

Family confirm death of Des O’Rourke

Deputy chair and co-founder of Laing O'Rourke dies aged 75
4 days ago

Plans approved for major phase of £2.5bn Salford Crescent

Crescent Innovation will help create global research hub
4 days ago

Deal to kick-start 3,000-home Northstowe town centre

Labour Government acts to unlock next phase of new town near Cambridge
4 days ago

Striking new-look for Canary Wharf HSBC tower

Large chunks of upper floorplate to be removed in major overhaul
5 days ago

Kier halves debt to £115m after strong trading year

Order book up 7% to £10.8bn with 85% of work secured for year ahead
5 days ago

Developer blasts “unfair” power charges on huge Liverpool site

Romal Capital unhappy about site power hook-up costs
5 days ago

Regal to start Wembley 1000-bed student scheme

Backer found to deliver £400m twin tower student scheme
5 days ago

Breyer Group bags £163m housing repair deal

Major repair and maintenance win from Kingston Council
5 days ago

VolkerFitzpatrick lands Piccadilly Line upgrade deal

Contractor to work on Cockfosters depot
5 days ago

26 face fight to renew spots on £1bn NEPO civils deal

Next generation framework to start in March 2025
6 days ago

Go-ahead for £170m King’s Cross life sciences office project

Innovative arched design to carry landmark building over railway tunnels
6 days ago

Mitie buys power contractor ESM for £8.5m

Building FM firm strengthens high voltage contracting offer
6 days ago

New vision unveiled for £5bn Liverpool Waters

More housing included in central docks area after Labour £55m funding boost
6 days ago

String of contract wins sees turnover surge 25% at Mace

Construction division sees revenue leap to £1.73bn
6 days ago

Morgan Sindall wins £32m Walsall waste centre

Contract will transform former metal factory site
6 days ago

Kier wins £30m Greenwich teaching block

London South East Colleges plans to spend £47m on Greenwich Campus redevelopment
6 days ago

Blenheim House Construction applies for administration

Surrey contractor employs around 80 staff generating £87m turnover
7 days ago

GMI chief jumps to Henry Boot Construction

Lee Powell will replace Tony Shaw as MD when he leaves at the end of 2024
7 days ago

Avant Homes makes £109m loss

House builder reveals huge loss just days after entering Crest Nicholson bid race
1 week ago

Contractor services