Commercial Property News

£100m Sheffield Chinatown given go-ahead

Planners have been given the green light to build a Chinese-backed £100m high-rise, mixed-use scheme in Sheffield city centre.

Local firm New Era Development has confirmed that it will start work on the 21-storey complex in July this year.

The project will lead to the development of new leisure commercial facilities, as well as student halls.

It will be situated near St Mary's church and will overlook the inner city ring road at Bramall Lane.

Some 695 student rooms will be built in the main tower and lower rise buildings, alongside 70,000 square feet of retail and business incubator office spaces on the lower floors.

Those buildings will be centred around a brand new pedestrianised plaza, while the first phase of the project will see the construction of the city's tallest tower in a decade and could be finished in time for the start of the university year in 2016.

The project is already expected to generate a large amount of interest from China and will be built on the city's largest Chinese supermarket as well as the nearby car parl.

Developers behind the project hope the move will attract other Chinese traders to the area with a view of creating the city's own Chinatown.

Jerry Cheung, managing director of New Era Development (UK) Ltd, said: “We are absolutely delighted that New Era Square has been granted planning approval. This is the culmination of many years of hard work so it is the best possible news we could have hoped for.

“As well as providing leisure and residential facilities, the China Business Incubator within the development will become a hub for promoting international trade, focusing on opportunities for businesses to increase their presence in China and to bring more inward business from the Far East.

“We are very much looking forward to seeing our vision of this exciting project come to life once work begins."ADNFCR-1203-ID-801773229-ADNFCR


Bouygues launches phase two of Canning town project


Bouygues has announced that it is set to launch the second phase of the Hallsville Quarter project in East London’s Canning Town district.

Laing O'Rourke chosen for Liverpool cancer hospital


Laing O'Rourke has been chosen by the Clatterbridge Cancer Centre NHS Foundation Trust to help it work on business cases, as well as the design and construction of a major new cancer hospital in the heart of Liverpool.

Galliford Try wins care home contracts


Galliford Try has announced that it has won four new contracts in the extra care and affordable housing sectors.

UK commercial property market grows more robust


The UK's commercial property market is set to grow from strength-to-strength, according to new findings.

Skanska team scoops £400m Waterloo station contract


A Skanska-led team has won the £400 million contract to turn Waterloo International Terminal back into a station that can be used for domestic train services, it has been announced.

Work set to begin on London's Centre Point revamp


Brookfield Multiplex has announced that it is to start work on a project to convert London's Centre Point office tower into 82 luxury apartments.

British Land submit plans for Broadgate development


Developing firm British Land has announced that it has submitted detailed plans to continue its refurbishment of London's Broadgate development.

Commercial property in London hits 2007 peak


Investment in the commercial property market in London is close to its 2007 peak, according to new findings.

£14m funding boost announced for sites across Yorkshire


A £14 million funding package to boost housing and regeneration in Leeds has recently been announced by the West Yorkshire Combined Authority’s Investment Committee.

Buckingham wins deal to build new Northampton Saints stand


Buckingham Group Contracting has announced that it has signed a deal with Northampton Saints that will see it build the new £6m Barwell Stand.

Muse given go-ahead of Warrington town centre revamp


Muse Developments has announced that it has been given the green light to begin work on a £52 million regeneration project in Warrington, Cheshire.

Work to begin on Walsall waterfront property


GF Tomlinson has been appointed by developer Kier Property as the contractor for a project in Walsall that will see the construction of a cinema and four restaurants.

Bam Nuttall in for Garden Bridge project


Bam Nuttall has emerged as the only UK contractor in the hunt to construct the Garden Bridge project over the river Thames.

Olympic campus plan receives £141m in funding


The site of the 2012 Olympics is set to be turned into a brand new cultural hub, according to plans unveiled by chancellor George Osborne.
Syndicate content