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Shortlist announced for Sheffield regeneration

Shortlist announced for Sheffield regeneration

Three developers have made the shortlist for a £480 million redevelopment of a key retail area in Sheffield, after the project was beset with a number of delays.Aspire Development Management, Lend Lease Europe and Queensberry Real Estate have been revealed as the favoured bidders, and will now enter a period of close negotiations with the local council before a partner is appointed in March next year.The scheme was initially proposed in 2008, but had to be put on hold due to the financial crisis, then postponed again when the selected partner Hammerson pulled out in 2013.Councillor Leigh Bramall, Sheffield City Council’s deputy leader and cabinet member for business, skills and development, said: “The bidders have extensive experience in exciting, major developments in this country and internationally. We’re right on track to start work on site next year, with the majority of shops opening in 2019.”The development is designed to connect a number of regenerated areas within the city, such as Fargate, the Moor and Division Street.The council has already announced that it will work with Historic England to preserve a number of historic buildings on the site of the planned renovations, including Leah’s Yard, the Salvation Army building, the old Sunday school and a number of facades on Pinstone Street.It is believed that the project will create 2,000 construction jobs in the area, as well as bringing an additional £300 million per year into the city in the form of consumer and corporate spending.An area of 900,000 sq ft between Barkers Pool, Pinstone Street and Charter Square will be overhauled as a mixed-use development, which will include new shops, offices, restaurants and flats.Outline planning documents were submitted in August by Leonard Design Architects, who will be assisted by Turner & Townsend as the programme, project, cost and procurement manager. 

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