Sheffield City Council has selected a regeneration specialist to help it transform the fortunes of the city centre.
It has chosen Queensberry Real Estate as the preferred bidder as Strategic Development Partner for Sheffield Retail Quarter: the £480m scheme that will bring world-class shopping, leisure, residential and office opportunities into the heart of the city.
As one of the UK’s leading urban regeneration specialists, Queensberry Real Estate (QRE), prides itself on experience of complex city centre regeneration projects. Over the last 20 years the team has been involved in the development of over 8million square feet of new retail, leisure, residential and office space. QRE will help drive the scheme forward, refine plans and negotiate with retailers.
Councillor Leigh Bramall, deputy leader of Sheffield City Council and Cabinet Member for Business and Economy, said: “We are delighted to announce Queensberry Real Estate as preferred bidder to become our Strategic Development Partner for Sheffield Retail Quarter. This is a key milestone and a significant step forward in the delivery of the scheme, which will provide a transformational development in the heart of our city centre.”
“Queensberry not only demonstrate this shared ambition, but they have a clear aspiration to further raise the bar for the scheme. They bring an impressive track record of delivering thoughtful and successful schemes that respond to the rapidly changing retail environment. Through the award-winning schemes they have delivered in Belfast, Manchester and Bath among others, they have developed strong working relationships with many of the retailers and leisure operators we are looking to bring to Sheffield. We look forward to working with Queensberry as we refine the plans for the Sheffield Retail Quarter.”
Paul Sargent, CEO of Queensberry said: “My team has been focused for the last 18 months on winning this major instruction. It is a dream come true. A scheme that meets the scale of our ambition and challenges our creative experiences to date.
“We will work seamlessly with Sheffield City Council to deliver the long awaited regeneration of the city centre. Our joint plans will be cutting-edge and inspirational placing the city at the forefront of the next revolution in urban place making.”
The announcement follows Monday’s news that HSBC is considering the Retail Quarter as its preferred location for a new Sheffield base.
For further updates please see: www.sheffieldretailquarter.com
Notes to editors:
- The first phase of Sheffield Retail Quarter is estimated to be completed in 2019 with further final phases being complete in 2021.
- The total investment for Sheffield Retail Quarter will be determined in partnership with a new development partner; however it is expected to be in the region of £480 million.
- Sheffield Retail Quarter is expected to create construction jobs and new additional permanent jobs in the city centre of around 2500.
- The development of Sheffield Retail Quarter would also generate additional rates income which the Council can retain under the New Development Deal the Council was awarded by the Government in November 2012 and became operational in April 2013. This increased income also allows the council to raise finance which will be invested in the delivery of Sheffield Retail Quarter.
- The scheme is estimated to draw back some £300 million per annum of available spend that is currently being spent in other regions.
- The scheme, combined with Meadowhall, will move Sheffield into the top 10 retail centres in the UK
About Queensberry Real Estate
Queensberry Real Estate was founded in 2010 by Paul Sargent, Stuart Harris and Jon Munce – all formerly of Multi Development. Based in London, they lead a growing team and boast over 75 years’ worth of combined experience in the industry between them.
QRE in Facts & Figures
- 1.5m sq ft of mixed-use space delivered in last 7 years
- 3 major shopping centres and 300 residential units in last 7 years
- Current development project: Friars Walk (Newport) – Now open
- Completed development management projects: Victoria Square, Belfast; SouthGate, Bath
- Current development management projects: Corn Exchange, Manchester – Now open; Tunsgate Quarter, Guildford – opening 2017, Bradford Broadway – first phase complete, leisure phase in development.
- Asset management: Crowngate, Worcester, The Kingsway Shopping Centre, Newport, Met Quarter, Liverpool
- Strategic Property Management: Friars Walk, Lexicon, Bracknell and The Kingsway Shopping Centre
- Residential projects: The Residence, Bath; The Residence, Belfast
- Social/Digital media: @QberryRE www.queensberryrealestate.com