Leeds-based property firms Khalbros and Torsion Group have completed the acquisition of Eastgate Quarter, unlocking a £1 billion mixed-use development that represents one of the largest leeds commercial property transactions in Yorkshire’s history.
The joint venture partnership has secured the city centre site adjacent to Victoria Gate, abandoning previous retail-led plans in favour of a residential-focused neighbourhood combining purpose-built student accommodation, build-to-rent housing, workspaces, hospitality and leisure facilities within minutes of Leeds station.
The Leeds Business Briefing
Every deal, development, and decision that shaped Leeds this week — in one email.
Free, weekly, no spam. Unsubscribe anytime. Privacy policy
“This is the most significant deal in Torsion Group’s history. It is a landmark moment not just for our company but for Leeds. The opportunity to help create a new neighbourhood in such a pivotal part of the city centre is incredibly exciting. Eastgate Quarter will stand as a symbol of collaboration and progress. We are proud to play a part in shaping a destination that will support Leeds’ growth and leave a lasting legacy for future generations.”
Leeds Commercial Property Sector Sees Major Local Investment
The acquisition marks a significant statement of confidence from Leeds-based developers in the city’s residential and mixed-use potential, with Khalbros and Torsion leveraging their vertically integrated business model spanning investment, development, construction and operations to drive the project forward.
“Eastgate Quarter is a once-in-a-generation opportunity to reshape one of the most strategically located city centre sites in the UK. Together with our investors and joint venture partners, we are committed to delivering a bold and transformational scheme with sustainability, placemaking and design excellence at its core. What has been vital to us and Torsion throughout this process, being Leeds based companies, is that the scheme is being brought to life by predominantly Leeds based outfits. This is about more than development. It is about creating the Leeds of the future, by the people of Leeds.”
“Unlocking and securing a new future for this key area of our city centre is testament to the ambition and vision we have in Leeds. The regeneration of Eastgate Quarter represents a major milestone for our city, with this landmark investment unlocking new homes, jobs and commercial space, helping to shape a vibrant, inclusive and sustainable future for Leeds. We look forward to working closely with the joint venture partners to bring their ambitious vision to life”
Why this matters for Leeds
Eastgate Quarter’s £1 billion deal proves Leeds-based developers can compete for—and win—transformational city centre projects, keeping major investment decisions in local hands. Khalbros and Torsion’s “Leeds of the future, by the people of Leeds” approach shows Yorkshire capital and expertise can deliver at scale, encouraging other landowners to choose local partners for complex regeneration. This validates Leeds’ evolution from retail-focused development toward residential and mixed-use neighbourhoods that reflect modern living patterns, creating city centre homes alongside workspaces and amenities that strengthen Leeds as a vibrant, 24-hour city where people want to live, work and invest.
