A new £40m build-to-rent development with a focus on wellbeing has opened to residents in Leeds city centre in the UK.

Located on the historic site of the former Yorkshire Post building, the property features a 24-hour health club and wellness studio, kitted by Technogym, alongside a range of other amenities within its 5,300ft of shared social space.

Other facilities include a large co-working space, residents’ lounge and games room.

Featuring 242 new homes, The Headline is the city's first build-to-rent project (BTR)– a relatively new residential development model for the UK.

BTR schemes often come with a range of amenities, from longer tenancies to on-site managers and purpose-built communal spaces and the trend towards including gyms sees developers going head to head with the health club sector.

The development's landlord, Grainger, is one of the UK's largest residential landlords which designs, builds, develops, owns and operates homes throughout the UK.

With an estate of around 9,100 rental homes, Grainger is the largest landlord to be listed on the London Stock Exchange.

The Headline adds to Grainger’s regional BTR portfolio, which includes two recent launches – The Filaments (Salford) and Gatehouse Apartments (Southampton) – as well as more established developments, such as Brook Place (Sheffield), Solstice Apartments (Milton Keynes), Hawkins & George (Bristol) and Clippers Quay (Manchester).

Helen Gordon, CEO, Grainger PLC said: “The Headline is our first build-to-rent scheme in Leeds, adding to our growing regional portfolio of high quality homes.

"Our approach is to design with the resident top of mind, from the building itself to the amenities and services available, creating an enjoyable, hassle-free way of renting.

“Instilling a sense of community is key for Grainger and we hope that The Headline will not only provide stylish living for our residents, but support wellbeing, social interaction and integration with the local community.”

Founded in 1912, Grainger is a FTSE 250 and has a pipeline of secured BTR development projects, worth a total investment of over £1bn that will create 4,311 more rental homes in the UK.