Legal & General signs £150m Sheffield City Centre regeneration, unlocking city’s post-crisis growth ambitions
Legal & General announces that it is investing £150m into Sheffield’s West Bar Square development to deliver the first phase of this substantial mixed-use project in partnership with Developer Urbo and Sheffield City Council, as it continues to invest for the long-term, supporting the UK’s post crisis economic growth prospects, jobs and housing needs.
The development will comprise 200,000 sq. ft. of Grade A office space, 350 ‘Build To Rent’ homes, a multi-storey car park and high quality landscaped public spaces. The first phase will deliver large footprint, modern office space, currently lacking within Sheffield’s property market, and is expected to accommodate up to 1,800 workers.
To bring forward the scheme, Legal & General has partnered with Sheffield City Council and Urbo (West Bar) Ltd – a joint venture between Urbo Regeneration and Peveril Securities (the development arm of the Bowmer and Kirkland Group).