The company has acquired a 928-home site near Leeds Docks, the largest in its history.
The site is just a few minutes' walk from Leeds Station and the new HS2, with Leeds South Bank set to provide 35,000 jobs and deliver 8,000 new homes over the next 15 years. The Hunslet Road site will offer 600,000 sq ft of homes and commercial space to contribute to this vision.
Guinness has committed to ensuring at least 35% of the available homes will be for the affordable housing market.
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The site was purchased with the support of part of the funding recently granted by Homes England to Guinness to start building an extra 4,500 affordable homes across England by 2022.
Catriona Simons, Chief Executive of The Guinness Partnership, said: "This site, within the Leeds South Bank Regeneration and Innovation District, is a fantastic opportunity for us to create over 900 homes in a vibrant new neighbourhood in Leeds. We intend at least 35% of the homes to be affordable."
Councillor Richard Lewis, Leeds City Council's executive member for regeneration, transport and planning, added: "The Guinness Partnership’s proposals are fantastic news for Leeds. That it is committing to its biggest ever scheme here and intending to deliver so many new affordable homes is a real mark of confidence in our vision for the South Bank, where we want to ensure regeneration and growth benefits all the city's residents."
(CM/MH)
