New PRS scheme planned for Sheffield

by Gary Whittaker

A planning application has been submitted for a new private rental sector (PRS) development in Sheffield.

Mace is seeking to build a mixed-use scheme near the city centre that will combine rental accommodation with student flats.

Located on Hoyle Street, the new development will not be built entirely from scratch, as it will be constructed around the Grade II listed cementation furnace that stands on the site. Indeed, this will be made the focal point of the development in order to combine modern housing provision with Sheffield's industrial heritage. 

The build-to-rent element will comprise 247 apartments, including studios, one-bed and two-bed dwellings. These will encircle a central courtyard in the heart of the development. These will be in addition to the 658 student rooms. 

Mace noted that the site is within walking distance of the city centre and is also close to the main campus of Sheffield University and Kelham Island. Residents will also have easy access to the green spaces of The Ponderosa.

Mace’s chief operating officer for development David Grover said: "We have worked hard to design a scheme which places Sheffield’s industrial heritage at the heart of our proposals. 

"As well as bringing forward modern student housing and new homes for Sheffield, the designs are sympathetic to the local area and will give the iconic cementation furnace a new lease of life as the centrepiece of the site."

There is nothing new for Mace about developing student accommodation - it has plans to build space for 2,000 students across the UK in the next two years, with other sites based in cities such as Cardiff, Exeter and Oxford.

However, the addition of a large build-to-rent development is an indication that Sheffield is a viable market for such projects. Once only found in London, these are increasingly appearing in major cities all over the UK. 

The largest build-to-rent project outside the capital is the Clipper's Quay development in Salford, which when completed will feature 614 apartments at the heart of the mixed-use scheme.

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27-March-18General Lettings News