Go-ahead for new offices

Go-ahead for new offices

First speculative office building in Sheffield since  recession to go ahead following deal involving CTP and Development Securities, Sheffield City Council and central government.

The agreement gives the green light to the 10 storey 3 St Paul’s Place development in Sheffield. It will comprise 80,000 sq ft of prime Grade A office space and completes the £180m Heart of the City project.

Each 8,000 sq ft floor offers office suites from 2,000 sq ft upwards.

The project, which will see construction begin in late spring, will eventually provide space for over 700 employees.

CTP are developing the site in conjunction with London-based company Development Securities. They are being supported by Sheffield City Council, regeneration agency Creative Sheffield, and SCR JESSICA, which was set up to support infrastructure and real estate investment opportunities across the region. It is also backed by the European Regional Development Fund (ERDF), managed by the Department for Communities and Local Government.