Citu has secured an £18m development finance facility from Maslow Capital to support the completion of an 87-unit residential development, District Lofts, in Leeds’ Climate Innovation District.
The scheme will comprise a mix of one, two, and three-bedroom apartments, including seven affordable units, contributing to Leeds’ housing supply amidst a growing undersupply in the market.
The development is part of a wider 955-home masterplan that will deliver a net-zero residential district supported by an aligned leisure offering and multigenerational building, including a school and care home.
Citu designs its schemes with Passivhaus principles in mind. To achieve high sustainability standards, its homes feature triple-glazed windows, mechanical ventilation with heat recovery systems, and airtight construction methods to minimise energy consumption. Additionally, sustainable drainage systems enhance water management.
Construction of District Lofts is underway, with completion anticipated in Summer 2025.
Sky Mapson, Senior Director, Origination at Maslow Capital, said: “This partnership with Citu exemplifies Maslow Capital’s commitment to financing forward-thinking, high-quality developments that push the boundaries of sustainable living.
“The Climate Innovation District is a benchmark in urban regeneration, and we are proud to support a scheme that not only delivers much-needed housing but also integrates pioneering construction techniques to dramatically lower the built environment’s carbon footprint.
“We look forward to seeing this vision come to life and its positive impact on the future of UK residential development.”
Chris Thompson, Founder of Citu, said: “At Citu, we believe the homes we build should actively combat climate change, and this project embodies that belief. By integrating smart design with sustainable materials and construction methods, we are proving that urban living can be both aspirational and benefit the planet.
“With Maslow Capital’s support, we are realising our ambition of creating the most impactful places for our planet.”
