Scheme designed by 5plus also being developed by B&K’s development arm
Legal & General is ploughing £150m into a mixed-use scheme in Sheffield being developed by the city council and the development arm of Bowmer & Kirkland.
It features 200,000 sq ft of Grade A office space, 350 build to rent homes, a multi-storey car park and public spaces. The first phase will include office space for 1,800 staff.
Called West Bar Square, L&G has teamed up with developer Urbo which has formed a joint venture for the work with Peveril Securities, Bowmer & Kirkland’s development business.
L&G chief executive Nigel Wilson said: “There has never been a more important time to invest in our regional cities. Legal & General is in a unique position to support the UK economic recovery by recycling hard earned savings and pensions into real assets which promote job creation through construction to office occupation.”
Designed by 5plus architects, the scheme was granted outline planning in 2017. A reserved matters application is scheduled to be submitted to the city council this summer.