Consortium of developers acquired site in Leeds, UK

SINGAPORE - Heeton Holdings has once again led a consortium of developers - KSH Holdings, Lian Beng Group and Ryobi Kiso Holdings - to acquire a site in the United Kingdom (UK).

In a joint press release on Monday, the four listed developers said they are studying the 2.45 acres (106,722 sq ft) site in Leeds extensively, before finalising the development plan for the site approved for over 1 million sq ft of mixed-use space.

The site is strategically-located within five minutes' walk from the City Centre, off Regent Street and New York Road which are Leeds City Centre's two main thoroughfares.

It is also near the Leeds railway station that connects the city directly to London and other parts of the country.

Heeton will hold an effective interest of 55 per cent while KSH Holdings, Lian Beng Group and Ryobi Kiso's unit will have an effective interests of 15 per cent each.

The site at Leeds marks the consortium's second venture in the UK, following its maiden acquisition in Hammersmith, London, in March 2015.

joycel@sph.com.sg