Heim Global Investor has made its first UK investment in the 375-home build-to-rent
development BeckYard in the South Bank regeneration area of Leeds.
The investment is being forward funded by Heim, with McLaren Living acting as developer, and with strong support from West Yorkshire Combined Authority. Construction has begun onsite, with completion expected in early 2027. BeckYard is being built by HG Construction.
The site is in the heart of the South Bank regeneration area, a 10-minute walk from the city centre. Significant public and private sector investment is facilitating the development of the area with 8,000 new homes and over 1 million sq ft of commercial space. The new homes will consist of two buildings up to 26 storeys, with completion expected in January 2027.
The development is being fully funded by Heim, with grant support from the West Yorkshire Combined Authority’s Brownfield Housing Fund.
Head of UK Investments at Heim Global Investor, Christian Birrell says: “We are thrilled to announce our first investment for our UK build-to-core fund in Leeds. This project is
just the first of many projects we plan to deliver, as we develop a 5,000+ unit portfolio targeting mid-market rental homes across the UK’s key cities.
“Leeds is a strong city with an undersupply of affordable rental homes, and we are delighted to be working with such a strong development partner in McLaren Living. BeckYard marks the first investment in our UK fund, and we are currently looking at an interesting pipeline of deals across the UK.”
Matthew Biddle, Managing Director, McLaren Living, said: “This is a pivotal moment for BeckYard, through our trusted partnership with Heim we’ve secured forward-funding for a major build-to-rent development in Leeds City Centre.”
