Knight Knox launches first luxury residential Leeds development

Knight Knox, which provides buy-to-let developments to the private investor market, has launched plans for a luxury Leeds-based residential scheme.

X1 Aire, a £19 million development, is the first of X1’s developments in Leeds and is based on East Street on the River Aire. Just five minute’s walk from the city centre, the location allows for convenient travel links.

The 12-storey scheme will comprise 147 one- and two-bedroom apartments, including five luxury penthouses. The development is due to be completed in April 2017.

Amenities for the 1.25 acre development are set to include secure bicycle storage, an on-site gym and 98 resident parking spaces.

Andy Phillips, commercial director at Knight Knox, said: “It’s a very exciting time to launch in Leeds. It’s a vibrant city with some great qualities – brilliant nightlife, great shopping and unbeatable travel links.

“We’re delighted to be providing the area with premium residential property and valuable investment opportunities, whilst enhancing our reputation in a new territory with such a unique scheme.

“Leeds has long shed its image as just an industrial powerhouse and is now known for its financial and professional sectors, where there are more private sector jobs than the national average. It’s a great place to invest.”

The development will be let and managed in its entirety by X1, which will also act as developer for the multi-million pound scheme.

Melissa Green, operations and regional director at X1, said: “With 100 per cent occupancy rates consistently across all X1 Liverpool and X1 Manchester developments, we’re delighted to launch our first residential site within Leeds.

“X1 Aire is a unique opportunity for us to enter into a new region with the offer of luxury accommodation and lucrative investment opportunities. All 147 apartments benefit from state-of-the-art furnishings and are located just a stone’s throw away from the hustle and bustle of the city.

“We’re confident this will be a great development to introduce X1 to this sought-after area at the start of what we hope will be a longstanding relationship.”

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X1 Aire

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