Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Wednesday, January 10, 2024

Go ahead for 146m regeneration of landmark flats in Sheffield

National regeneration agency English Partnerships, Sheffield City Council and developer Urban Splash have announced completion of the formal agreements that will lead to the 146m regeneration of Park Hill flats in Sheffield city centre.

Regeneration of what is Britain's largest grade II* listed building will provide nearly 900 modern, distinctive and well-designed homes for sale or to rent.

English Partnerships and Sheffield City Council have signed an agreement under which English Partnerships has agreed a 14.8m grant towards the cost of redeveloping the flats.

Urban Splash has also signed a development agreement with Sheffield City Council under which it will carry out the work to renovate the landmark grade II* listed buildings and make them home to a vibrant, mixed community.

The agreements, signed on Christmas Eve, pave the way for years of development to be turned into reality. An application for detailed planning permission is now expected to be submitted in mid-2007.

The development will completely renovate the 1961 flats to provide a mix of homes, including:

634 for sale on the open market,

200 for rent through Manchester Methodist Housing Association, and

40 available under a shared ownership scheme.

The social/affordable housing will be spread in a random "pepperpot" style, dotted among the owner-occupied apartments. The Housing Corporation is providing 9.85m funding towards the cost of the affordable housing for rent in the development.