The first phase of a £300m development with the potential to create up to 8,000 new jobs is now under way in Sheffield.
Legal & General and Urbo (West Bar) Limited – a joint venture between Urbo Regeneration and Peveril Securities – and partners Sheffield City Council are driving forward the mixed-use project which will deliver grade A office accommodation, housing and green public spaces on the gateway site. Legal & General has committed £160m of forward funding to developers Urbo (West Bar) Ltd to deliver the first phase of development.
It marks the single largest private investment deal in the city centre and is the culmination of several years of work.The first phase of West Bar will deliver No 1 West Bar Square, a 100,000 sq ft Grade A office building with retail accommodation on the ground floor and roof terrace offering panoramic views, and Soho Yard, a £78m development of 368 build to rent apartments owned and operated by Legal & General.
