The New Era Square development is set to create over 400 new jobs and promote international trade, focusing on opportunities for businesses to increase their presence in China and to bring more inward business from the Far East into the country.
Work is expected to start on the 21-storey mixed leisure, commercial and residential development in July this year after planning officers gave it the go ahead. The development which has received significant inward investment from China is set to transform an area between London Road and Bramall Lane, close to the city centre.
Jerry Cheung, managing director of New Era Development, said: "We are absolutely delighted that New Era Square has been granted planning approval. This is the culmination of many years of hard work so it is the best possible news we could have hoped for.
"New Era Square is a landmark development for the city of Sheffield that will see the area transformed into a cosmopolitan, international, multi-cultural square which is available to all. We want the area to become a central point for the whole community – something that will bring people together."
More than 100 people attended a special event to launch the development in September last year, including key investors and the Deputy Consul General Of The People’s Republic of China, Zhou Haicheng.
The project also received the backing of the some of the city’s key people and organisations – with Deputy Prime Minister and Sheffield Hallam MP Nick Clegg, Julie Dore, leader of Sheffield City Council and Paul Blomfield, Labour MP for Sheffield Central, all speaking out in support of the project.
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement