- Long-awaited retail quarter to open for business with 60,000 square foot of retail units available in first phase
- HSBC has signed a 15-year lease on new office building and will become first anchor tenant by Spring 2019
- Full planning application for first phase submitted
This is the new-look for the first phase of Sheffield’s long-awaited retail quarter – an artist’s impression of HSBC’s new office after the banking giant was confirmed as the first anchor tenant of the £480m scheme.
The announcement comes just days after the city’s planning committee endorsed Sheffield City Council’s plans for Sheffield Retail Quarter.
HSBC has taken out a 15-year lease on the building, which will incorporate 140,000 square feet of office space and a rooftop terrace. Construction is set to get under way in Q1 next year, with completion due in Spring 2019.
The premium office block will be located between Wellington Street, Cambridge Street, Charter Row and Furnival Gate and has been carefully designed to complement the existing cluster of new offices in the city centre, whilst working with the existing street layout and different levels. Demolition of the derelict Grosvenor House Hotel has already started.
New shops, restaurants, cafes and bars, along with landscaped public spaces, will help Sheffield Retail Quarter to become one of Sheffield’s most sought-after places to work and encourage thousands of people into the heart of the district.
John Hackett, COO of HSBC UK said: “Sheffield is a major centre of excellence for our IT operations and we’re delighted to be confirmed as the first anchor tenant for the historic Sheffield Retail Quarter. The multi-million pound investment we’re making in our new home in Sheffield will allow us to provide our colleagues with a modern office environment right in the heart of the city.”
Councillor Leigh Bramall, deputy leader of Sheffield City Council, said: “Sheffield Retail Quarter is now becoming a reality and we are delighted that we can begin to deliver our vision for a compelling mix of retail, leisure and business which meets the needs of our city now and in the future.
“Having a major international company like HSBC on board gives the core of our city centre, and the burgeoning business and financial services cluster located there, a great boost. HSBC is one of the largest businesses in Sheffield and its new location in the retail quarter will enable it to invest in a modern office space for employees with high quality shops, cafes and public spaces on their doorstep. Sheffield is a great place to both live and work and more and more businesses are recognising that it’s the right place to attract excellent staff.”
About Sheffield Retail Quarter
Sheffield Retail Quarter will transform the heart of Sheffield and bring an estimated extra £300m into the city centre every year. The scheme, being delivered by Sheffield City Council, will regenerate 900,000 sq.ft around Cross Burgess Street, Pinstone Street, upper Fargate, Charles Street, Cambridge Street and Wellington Street. A blend of big name and independent retail opportunities, premium offices, city centre living space, bars and restaurants will form a new, vibrant city centre community that links The Moor, Fargate and Division Street. The incorporation of historic architecture and high quality public realm will make this development uniquely ‘Sheffield’. Public consultation began in May 2015 and the first phase is due to open in 2019, with completion in 2021.
For more information see www.sheffieldretailquarter.com or follow us on Twitter @SheffRQ