UK-based Godwin Developments announced that acquisition of a one-acre site near Sheffield city centre and plans to build a residential build-to-rent (BTR) project with more than 300 residential units.
Located at the corner of Farm Road and Queens Road and about a five-minute walk from Sheffield’s main train station, the development will be part of the £1.5bn Sheffield Midland Station and Sheaf Valley Development framework.
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The area, which is expected to be in focus in the next phase of city centre regeneration, will establish Sheffield as a regional and national development hub with enhanced connectivity provided by HS2 and the Northern Powerhouse Rail.
Godwin Developments group development director Stuart Pratt 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 underway 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.”
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By GlobalDataGodwin’s city centre development will also be in close proximity to Sheffield Hallam University along with local amenities and parks.
During the construction phase, the development is expected to create nearly 200 temporary jobs, with an additional 30 permanent jobs, when it is operational.
Irwin Mitchell partner Ben Acheson said: “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.”
Earlier this month, Godwin Developments partnered with Lord Stafford for the redevelopment of the former Stafford Rugby Club ground into a mixed-use development.
The 6.5-acre site, located in the Castlefields area is part of the Stafford Station Gateway, is owned by Lord Stafford and situated near Stafford town centre and Stafford train station.
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Artist’s rendering of the proposed cross valley connection and Sheaf Square. (Credit: Sheffield Midland Station and Sheaf Valley Development Framework/Sheffield City Council.)
