22-acre urban regeneration development launches to market
A 22-acre urban regeneration site in Sheffield is set to be brought to market.
Attercliffe Waterside is located in the Lower Don Valley, midway between Sheffield city centre and the M1 motorway.
The Lower Don Valley contains advanced manufacturing research and production facilities and a retail, sports and leisure cluster that serves the whole Sheffield City Region, including Meadowhall, Ikea, Sheffield/Arena, English Institute of Sport and Ice Sheffield.
The site is currently owned by Sheffield City Council, Canal & River Trust and Norfolk Estates, which have agreed to consolidate their ownership into one marketable area under a Development Agreement.
CBRE’s Northern Land and Development team and Sheffield agents Fowler Sandford is bringing Attercliffe Waterside to market.
Attercliffe Waterside presents an opportunity to regenerate a large urban area with canal frontage into a mixed use, residential led development and benefits from an Informal Planning Advice Note (IPAN) agreed by Sheffield City Council to allow phased or “one off” offers from interested parties.
John Dunlop, director for the land and development team CBRE, said: “We are delighted to bring to market Attercliffe Waterside, a prominent site well suited to residential development, which forms an attractive regeneration opportunity to a wide number of potential purchasers.
“Sheffield has great connectivity and benefits from an established rental and sales market, supported by the presence of the universities and major employers. It has seen significant growth particularly in the PRS sector and we expect it to attract high interest.”
Councillor Mazher Iqbal, cabinet member for business and investment, added: “This is a really important site for the regeneration of Attercliffe and the Lower Don Valley. It is an exciting opportunity for an imaginative team of developers to help us to make the East End of Sheffield a fantastic place to live as well as to build on the existing network of great places to work and play.
“As a proud East Ender, I can’t wait to see these improvements come forward and help to showcase the beauty of the Sheffield and Tinsley Canal for a new generation, as well as springboard further regeneration and opportunity across the area.”
James Lazarus, head of joint ventures on behalf of CRT, also said: “This is an example of the Trust using our landholding as a catalyst to bring forward transformational urban regeneration schemes that can really encourage the use of our waterways and improve the wellbeing of people living locally.”
