Site Part Of The £1.5bn Sheffield Midland Station and Sheaf Valley Development Framework
Godwin Developments has purchased a one-acre site in Sheffield as part of its plans to create a residential build to rent scheme within the city centre.
The developer, which was advised by the Real Estate team at Irwin Mitchell, has revealed its plans for the site on the corner of Farm Road and Queens Road, stating the site will comprise over 300 units.
The developer says it is expected to create more than 200 temporary jobs during its construction phase, with an additional 30 permanent roles when operational.
The city centre development will form a significant part of the Sheffield Midland Station and Sheaf Valley Development framework – a £1.5bn, 20 year plan to develop the area around Sheffield Rail Station.
Stuart Pratt, group development director for Godwin Developments, said: “We are absolutely delighted to have secured this highly desirable site, situated in the Sheaf Gardens area in Sheffield. It comes just two weeks after we announced plans for another significant project, currently under way in Stafford, that will see the construction of over 300 residential BTR homes in the Midlands.
“The scheme highlights yet again our expanding footprint in the BTR sector and ability to maintain momentum despite current economic challenges. This achievement is a testament to the commitment and professionalism of our team and the support provided by leading legal advisers Irwin Mitchell who assisted us on this transaction.”
Expert Opinion“We are delighted to have supported Godwin Developments in acquiring the site at Farm Road, Sheffield. These are obviously difficult economic times, but this transaction shows there is still a market for quality assets, and it is great to see Godwin Developments showing the confidence to progress with the acquisition. A real good news story in the current climate.” Ben Acheson - Partner