Caddick Construction completes Soyo’s £57m second phase

Working for sister business Caddick Developments and Federated Hermes’ residential platform Hestia, the contractor has handed over the Madison East and Mercer West blocks, featuring 330 build-to-rent apartments.

Located south of York Road in Leeds, Madison East and Mercer West feature 331 BTR apartments, two retail units, car parking and public spaces.

The £57.4m project follows the completion of an earlier phase at Soyo, New York Square, where Caddick Construction delivered two 16 and 17 storey BTR buildings housing 515 one-, two- and three-bedroom apartments for Moda Living, another Caddick business.

Hestia is described as” focusing on delivering affordable residential assets that will have a positive impact on the environment and communities in which they reside”.

Local artist EV Hardaker, who has worked with Caddick for five years, has been made Soyo’s artist-in-residence, initially delivering The Arch temporary art installation.

Paul Dodsworth, Caddick Construction Group managing director, said: “Before a spade had even hit the ground on SOYO Madison East and Mercer West, collaboration was at the forefront of our operations.

“Working in partnership with Hestia and our sister company, Caddick Developments, means that we can ensure we achieve the very best quality across the board, creating landmark residential developments that regenerate a vibrant neighbourhood in Leeds city centre.

“As we continue to grow our residential portfolio across the north of England, SOYO Leeds marks a flagship era for us, and we look forward to seeing the space form a new cultural hub for this thriving metropolitan city.”

Matthew Chillingworth, fund management director, Federated Hermes, said: “The collaboration with Caddick on Mercer West Madison East has been highly successful, resulting in the delivery of 331 high quality sustainable homes, all set within Leeds’ vibrant new Cultural Quarter.

“We welcomed our first residents in January and expect to be at full occupancy by the end of the summer, which is testament to the continued demand for high quality home environments, as we strive to offer the amenities that residents really value, at accessible prices.”

The final phase of Soyo, 650 student apartments across two blocks, was greenlit in December last year.