Sheffield announces new £480m retail & leisure development

Sheffield announces new £480m retail & leisure development

Could the exciting new project further add to the appeal of Sheffield to domestic and international students as a place to live and study?

Summary:

  • Sheffield City Council has revealed plans to develop a new £480m retail and leisure facility in the heart of the city centre
  • Council leaders hope the development will help turn the surrounding area into the “epicentre of retail and leisure” in Sheffield City Centre
  • It is located between the city’s two universities and will surround some of Sheffield’s best student properties

Plans for a new £480 million, 900,000 sq.ft retail and leisure development have been announced by Sheffield City Council.

Designed by Leonard Design Architects, it will house 200,000 sq.ft of dedicated residential and office space as it aims to attract ‘aspirational and contemporary’ retailers. Nalin Seneviratne, Director of Capital and Major Projects at Sheffield City Council, said the plans will provide a “navigable, varied and attractive new shopping district for Sheffield City Centre”, and transform the shopping districts of Fargate and The Moor into the “epicentre of retail and leisure in the centre of Sheffield”.

The council are working with developers to devise plans that ensure the project will be delivered by 2019, with further announcements expected to be released later this year. Both council leaders and developers believe the project will cater for a demographic that is currently under-served in Sheffield. Councillor Leigh Bramall acknowledges that the city has less fashion floor space compared to many other UK cities, but stated that “scrutiny of regional demographics and weighted average spend has allowed us to carefully plan the optimum size” for this development.

The project is located between the city’s two universities, the University of Sheffield and Sheffield Hallam University, and positioned close to some of the best student property in Sheffield. The city is home to 63,000 students, with 30,000 of those international students, a proportion that has grown by 30% over the last five years. Therefore, the project should further add to the global appeal of Sheffield as a place to live, work and study to both domestic and international students.

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