Work progresses on £20m office scheme
A £20m office scheme in Sheffield is on track for completion in summer 2017 as the latest phase of construction gets underway this week.
Property business Scarborough Group International and Chinese Investor Metro were granted planning consent for the Acero development in early 2015, with preliminary construction starting in January 2016.
Totalling 80,326 sq ft, the future office space is located opposite the city’s main train station.
Adjacent to Digital Campus’s well established Electric Works, the development will house six floors of between 11,500 and 14,700 sq ft.
Rob Darrington, partner at letting agent CPP, said: “This is an extremely exciting project for Sheffield, the city region and indeed the North of England. No other building in the city can offer Acero’s combination of large and flexible floors plates, immediate accessibility from all key modes of transport, energy efficiency, prominence and prestige.
“This is Sheffield’s first true speculative development since before the downturn, and a major investment into the city by Scarborough Group, who have a long, successful track record of development and investments in the region.”
He added: “Despite the political uncertainty of late we are delighted to confirm that construction is well underway for the Acero development, and with completion now only a year away we are already speaking to a number of interested parties.
“As Sheffield continues to attract national and international investment, and is increasingly recognised as a headquarters location for major organisations, this latest Digital Campus development is set to generate a significant boost for the City and the greater Sheffield City Region economy.”
