Developer commits to investing in city despite pandemic

Real estate developer and investor Scarborough International Properties has reaffirmed its commitment to investing in Sheffield in the wake of the COVID-19 pandemic.

The business says it will push forward with a number of significant regeneration projects that will deliver economic benefits to the area.

At Sheffield Olympic Legacy Park, Scarborough will begin work to transform the existing sporting facility to create a top-class Community Stadium providing a permanent home for Sheffield Eagles Rugby League and possibly Sheffield United Women’s Football.

In addition to changing room accommodation and sporting support space the principal stand will incorporate office and conference suites plus retail and leisure units.

Scarborough plans to follow that by starting construction within the next six to nine months on a business incubator/enterprise centre building, providing flexible and managed workspace for organisations in the health and wellbeing sectors.

And it is intending this year to present its masterplan for a much larger area of the Sheffield Olympic Legacy Park, ready to deliver a diverse offering of space to the market as the project gathers momentum.

The ‘Phase 1’ Masterplan Area will address 20 acres of development land, within a wider zone of 80 acres adjacent to existing buildings such as the English Institute of Sport in Sheffield and create up to 750,000 sq ft of business space and associated public realm.

At the Sheffield DC development opposite Sheffield’s main railway station and adjacent to the Sheffield Interchange bus station, Scarborough with its development partner, Singapore-listed Metro Holdings, is aiming to start construction in the summer of the fourth and final building.

Called Vidrio, the building will provide more than 62,000 sq ft of Grade A office space ready for occupation at the end of 2021.

Office buildings already successfully completed at Sheffield DC – Electric Works, Ventana House and Acero – provide over 180,000 sq ft of office accommodation.

Alongside Sheffield United’s historic Bramall Lane Stadium, Scarborough is continuing its blueprint for redeveloping, upgrading or extending its owned properties.

It will shortly be looking to gain planning approval for a mixed-use project at Chaucer Yard fronting John Street and Countess Road.

Its two other properties at Boundary Corner (located at the junction of Shoreham Street/Cherry Street) and Cutlers Corner (positioned at John Street /Shoreham Street) already have planning consents in place for the development of modern apartments and ground floor retail space.

In addition to its activities in Sheffield, Scarborough notes that it remains a major developer in the Northern Powerhouse region.

In Leeds, with its partner Legal & General Capital, Scarborough is progressing the Thorpe Park Leeds project where it has developed and opened The Springs shopping centre and is in the process of developing up to 800,000 sq ft of additional office space with a 113-acre public park with sports facilities.

It is also working with Leeds City Council on additional transport infrastructure as the major expansion of the city to the east gathers pace.

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