Progress on £65m development
A £65m development in Sheffield which brings together high quality student, residential and commercial accommodation is on course to complete its first phase by May 2018.
The first block in New Era Square, located between London Road and Bramall Lane, opened in September to provide 100 studio apartments as student accommodation.
The KH Oriental Supermarket is due to open in the coming weeks and another block comprising more student accommodation, a common room and additional retail units is on schedule for completion by Christmas.
The opening of a 20-storey tower block by the end of May 2018 will mark completion of phase one of the development and will bring more student accommodation, a café and private apartments.
Phase two, due for completion by mid-2019, will see the addition of further residential and retail units, a medical centre and an office block for the China-UK Business Incubator.
Doncaster-based property specialists Barnsdales is to manage the scheme, with a three-year deal which includes responsibilities for service charge management, facilities management and rent collection.
Rob Johnson, Associate within Barnsdales’ Commercial Property Management and Professional Services team and based in the firm’s Sheffield office, said: “This is a landmark development which is of great significance regionally and nationally and we are delighted to be involved.
“We were introduced to the team at New Era Development by our industry contacts and we won a three-year contract against some very strong competition. The scale, variety and profile of the project are such that it calls for the highest standards. That will be an ongoing challenge, but one which New Era Development recognises we are capable of meeting.
“Our success in winning this contract underlines the calibre of Barnsdales’ residential and commercial management services and also the progress made by Barnsdales FM. In just two years the facilities management division has become established as an integral part of the business, winning developing a strong client base of its own and supporting the activities of the wider group.”
Jerry Cheung, Managing Director of New Era Development (UK) Ltd, said: “New Era Square has been 10 years in the making and we are extremely proud of the quality of all aspects of the development. The intention from the outset was to provide residents with everything they need whilst living and studying in Sheffield.
“As a high-end, all-inclusive student experience it needs a managing agent which is skilled and experienced in all aspects of residential, retail and commercial property. We have every confidence in the ability of Barnsdales to work with us in delivering the best for our tenants.”