Developers sought for key sites at £470m regeneration scheme

Acting for Sheffield City Council, CBRE’s UK Development Advisory team has launched to market two development opportunities which will form one of the final parts of the £470m Heart of the City regeneration.

A buyer or buyers are sought for Block G, which comprises two sites on either side of the new 1.5 acre urban Pound’s Park.

Proposals are being sought by 30 September 2022 for both sites, either individually or collectively.

The two city centre sites front onto and are connected by Pound’s Park, due to open to the public in late 2022.

Site A (0.4 acres) and Site B (0.5 acres) are expected to provide active ground floor frontages onto the park with office, hotel and residential uses on the upper floors considered appropriate.

While both sites could be developed by a single purchaser, the council says it will consider separate or combined offers for the sites.

One of the UK’s largest urban regeneration schemes, Heart of the City comprises 1.5 million sq ft of individually designed and repurposed buildings surrounded by rejuvenated streets and public spaces.

The multi-million pound investment into Sheffield city centre will provide active cultural, leisure, retail, residential and office uses.

Heart of the City is delivering a number of developments around the property, including Grosvenor House, a Grade A office home to HSBC and law firm CMS; Elshaw House, a zero-carbon Grade A office due to complete in spring 2023; Cambridge Street Collective, a food hall and Bethel Chapel, a 15,000 sq ft entertainment and cultural venue.

The council is also carrying out works to the adjoining Rockingham Street to improve access for buses and incorporate new stops to serve this part of the city centre.

Alex Andrews, of CBRE’s UK development advisory team, said: “The Block G plots offer an exciting opportunity for a developer or developers that can demonstrate their ability to deliver an imaginative, high quality, low carbon development which is appropriate to the transformational nature of the opportunity and the surrounding proposals.

“We look forward to working with SCC to find the right developer(s).”

Councillor Mazher Iqbal, co-chair Transport, Regeneration and Climate Policy Committee, Sheffield City Council, said: “Sheffield’s Heart of the City is one of the largest urban regeneration schemes in Britain and it is brilliant to see our ambitious project is progressing with real pace.

“These two new sites within the scheme are in a prime location and any developers interested will need to share our strong ambition to deliver developments of exceptional quality.”