Placemaking and regeneration expert LCR has completed a £5.4m acquisition of land next to Sheffield train station to help advance plans to regenerate the area.
The 1.82 acre site on St Mary’s Road is a five-minute walk away from Sheffield Midland – the city’s main railway station – and is currently home to retail warehouses.
The acquisition was completed as part of LCR’s ongoing work in partnership with Sheffield City Council, South Yorkshire Mayoral Combined Authority, Homes England and Network Rail to deliver regeneration around Sheffield train station.
The partnership previously established the Sheffield Midland and Sheaf Valley Regeneration Framework, which sets out a vision to improve connectivity to neighbouring communities, optimise rail facilities and enable the delivery of new homes, jobs, and public value.
Part of the regeneration will include enhancing the sense of arrival into the city, improving transport connections around the station, new active travel routes, better public realm and mixed-use development.
Karl Drabble, regional director at LCR, said: “This is good news for the North’s rail infrastructure and this acquisition is an early milestone for progress around Sheffield Midland station. Over time, regeneration around the gateway to my home city of Sheffield will enhance capacity for improved public transport, create space for new homes and jobs, and promote greener, more accessible walking routes into the city centre.
“We know the role that regeneration can play in catalysing long-term economic growth, and a more connected community will be central to those ambitions. We’re looking forward to refining these plans in collaboration with the area’s residents, businesses and visitors to deliver the improvements the city deserves.”
Sean McClean, Director of Regeneration and Development at Sheffield City Council, said: “This is really welcome news, the area around Midland Station has masses of potential to be a new mixed-use neighbourhood filled with high quality homes and workplaces. It will become a major strategic regeneration focus over the coming years, so it’s very positive that our partners are willing to invest at this early stage.”
LCR was advised on the acquisition by Cushman & Wakefield and Trowers & Hamlins.
