Developer signs £146m deal with English Partnerships to refurbish grade II listed Park Hil estate
Urban Splash has signed a deal with English Partnerships to carry out the £146m regeneration of the city’s grade II listed Park Hill council flat complex.
The agreement, which was concluded on Christmas Eve, paves the way for Sheffield council’s handover to Urban Splash of the 900 flats, which form England’s largest grade II listed structure.
Urban Splash is planning to refurbish the 1961 complex to provide 634 flats for sale, 200 for rent through Manchester Methodist Housing Association, and 40 for shared ownership scheme.
Under the agreement, EP is giving a £14.8 million grant towards the cost of carrying out the scheme. In addition, the Housing Corporation is providing £9.8m worth of grants for the social rented element of the scheme.
An application for detailed planning permission is now expected to be submitted in mid-2007.
Park Hill had become so rundown by the late 1990s that Sheffield council was unable to afford to refurbish the scheme in line with the government’s decent homes standard.
Urban Splash chairman Tom Bloxham MBE said: “We love Park Hill. And this is a significant step on the long journey towards delivering this great regeneration project. We hope we can make Park Hill a place Sheffield can be proud of.”