Tuesday, September 22, 2020

Sheffield gets first speculative build for ten years

Developer AG Property (UK) Ltd has started work on a 14,000 sq ft four-storey office building at the established Broadfields Business Park on Little London Road in Sheffield – the city’s first speculative build for a decade.

Due for completion in June this year, the project signifies a confidence in the Sheffield office market to speculatively build according to Ben White from Knight Frank with interest already strong.

Ben said: “There is a significant shortfall in high quality, flexible office stock in Sheffield and this project is one of the signs that developers are starting to address this.

“The premises, which are being built to the highest specification, are located on Broadfields Business Park but uniquely benefit from their own private access and egress straight onto Little London Road, offering faster onward connectivity to both Abbeydale Road and Chesterfield Road, two main arterial routes.

“There are also good public transport links to Sheffield city centre and out to the South West suburbs. We have seen strong interest from occupiers already.”

Glenn Day, co-owner with wife Anita Day of Sheffield-based AG Property (UK) Ltd, which developed Omega Court in Sheffield three years ago, said: “We know that there is demand for quality office stock in Sheffield, driving new business and growth to the area, and that the yield on speculative development makes it a worthwhile venture at this time.

“Broadfields already provides a key source of office based employment for South-West Sheffield, and it is clear that further development here will offer great social and economic benefits for local people and the area.

“There is already a strong mix of tenants on-site and what makes this park popular is its location – on the edge of the city, but close enough to the city centre – and available parking.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

International expansion for West Yorks manufacturer following bank cash

A historic Ilkley-headquartered manufacturer is expanding overseas after securing funding from Barclays. Founded in 1932, Spooner Industries supplies custom designed solutions across several sectors –...

Manufacturers slash investment to remain afloat post-COVID

In a fraught battle to stay afloat in the wake of COVID-19, manufacturers have slashed investment despite a rise in output and orders from...

Barnsley College opens new digital innovation hub

Barnsley College’s newly created digital innovation hub has welcomed its first students this week. The new SciTech Digital Innovation Hub is supported The Department of...

Sheffield’s Heart of the City II scheme moves forward

Sheffield’s Heart of the City II continues to move forward with work at Leah’s Yard getting underway. Local construction firm, RF Joinery, has begun essential...

Double director appointment for Town Centre Securities

Town Centre Securities (TCS) has made two key senior appointments in its property team. The Leeds-based property investor and car parking operator has promoted Helen...

York hotel plan gets go-ahead

A new hotel is to be built on Micklegate in York, after planning approval was granted by just one vote. The 62 bedroom hotel, with...

Related news

International expansion for West Yorks manufacturer following bank cash

A historic Ilkley-headquartered manufacturer is expanding overseas after securing funding from Barclays. Founded in 1932, Spooner Industries supplies custom designed solutions across several sectors –...

Manufacturers slash investment to remain afloat post-COVID

In a fraught battle to stay afloat in the wake of COVID-19, manufacturers have slashed investment despite a rise in output and orders from...

Barnsley College opens new digital innovation hub

Barnsley College’s newly created digital innovation hub has welcomed its first students this week. The new SciTech Digital Innovation Hub is supported The Department of...

Sheffield’s Heart of the City II scheme moves forward

Sheffield’s Heart of the City II continues to move forward with work at Leah’s Yard getting underway. Local construction firm, RF Joinery, has begun essential...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close