4 September 2015

A Topping Out ceremony has been held on site at the 10-storey 3 St Paul’s Place, the final part of the pioneering £130 million Heart of the City project and the first speculative office building in Sheffield to be developed since the recession.

The state-of-the-art office development comprises 76,000 sq. ft. of prime Grade A office space with each 8,000 sq. ft. floor offering offices suites from 2,000 sq. ft. It is rated BREAM excellent.

The construction of 3 St Paul’s Place went ahead following a landmark agreement between developers CTP and Development Securities with Sheffield City Council and the Department for Communities and Local Government.

David Topham, director of Manchester-based developers CTP, commented: “These are exciting times for St Paul’s Place, which is now an established high-quality office location in the heart of Sheffield. The Topping Out ceremony, which took place on the roof of 3 St Paul’s Place, heralds the imminent completion of the building and marks the revival of confidence in Sheffield city centre.

“It was a proud moment for all the team associated with the development of 3 St Paul’s Place and I am delighted to report that there has been huge interest in the building already. We are poised to announce a major letting to a household name at a record office rent for Sheffield and there is also substantial interest in the rest of the office space.

“The building itself is the most modern – and the greenest – in Sheffield. It is due for completion in December and is the final important piece in the jigsaw of the Heart of the City initiative, which has transformed the city centre into one of the finest in the North of England,” he added.

Councillor Leigh Bramall, the deputy leader of Sheffield City Council, performed the Topping Out ceremony on the 10th floor with David Topham, tightening the final bolt of the steel and concrete framed structure. David Topham placed laurel leaves within the structure as a symbol of good luck and recognition of the role nature plays in man’s civic ambitions.

Cllr Bramall, who is also the council’s Cabinet Member for Business, Skills and Development, commented: “This superb development is a classic example of the public and private sectors working together for the common good. We have enjoyed an excellent partnership with David Topham and CTP and it is immensely satisfying to see 3 St Paul’s Place, which began in the teeth of the worst recession since the Second World War, now taking its place in the city skyscape.

“Equally importantly, 3 St Paul’s Place is another sign of the growing business, professional and financial services sector in the city which is a vital part of a dynamic and diverse economy that offers well-paid jobs. The success of this development is a really positive indication that the local economy is moving forward again.”

David Topham explained: “3 St Paul’s Place enjoys spectacular views over the renowned Peace Gardens and Millennium Square. It is also close to all the retail and leisure facilities of the city centre, together with the central bus and train stations and a number of car parks, including the new multi-storey Q-Park.

“The overall development has created a new central business district for the city centre and has set a high benchmark as to the quality of the workplace provided, the architecture of the buildings and surrounding areas,” he added.

CTP and Development Securities, with support from Sheffield City Council, has attracted £3.25m from the SCR JESSICA Urban Development Fund, which was set up to support infrastructure and real estate investment opportunities across the region, and a further £6.8m from the European Regional Development Fund (ERDF), both managed by the Department for Communities and Local Government.

St Paul’s Place is a high-quality mixed-use scheme which features the 161-bed St Paul’s Mercure 4* hotel; No1 and No 2 office developments occupied by lawyers DLA Piper, RBS, Barclays, accountants PwC, Coutts and the Department for Business Innovation and Skills and Department for Education; a 330-apartment residential tower block; the famous “Cheesegrater” car park, operated by Q-Park; a casino; and restaurants and cafes including Pizza Express, Piccolinos, Café Nero, Bill’s Restaurant and Café Rouge.

The architects of 3 St Paul’s Place is Manchester-based Hodder and Partners.

The marketing agents for 3 St Paul’s Place are the Sheffield office of Knight Frank, together with the Leeds offices of BNP Paribas and DTZ.

Peter Whiteley of Knight Frank commented: “3 St Pauls Place delivers much-needed prime Grade A office space within Sheffield’s city centre core. We are very proud to be part the team on this successful development which has helped regenerate this area within the heart of the city. The Topping Out ceremony was a significant moment for all the team and a timely reminder of what has been achieved thus far.”

For further information, please contact Robert Beaumont of Robert Beaumont Associates on 01423 323139 or 07710 127713 or e-mail robert@minskiplodge.demon.co.uk