£800m property programme progresses in Sheffield

£800m property programme progresses in Sheffield
£800m property programme progresses in Sheffield

The first apartments to be built as part of an £800 million investment programme to create new rental properties across England have been unveiled in Sheffield.

Representatives from Sigma Capital Group, Sheffield Housing Company (SHC), and the Homes and Communities Agency (HCA) visited the newly completed Park Grange House in Norfolk Park, to see the £2.7 million three-storey development, which has been built by Keepmoat Regeneration, part of the ENGIE Group.
The new development is part of a wider investment with Sigma Capital Group plc to deliver a target of 5,000 high quality new homes for private rental across the country by 2021.
Partners also had the opportunity to see a newly installed sandstone sculpture created by local artist Steve Roche and includes intricate deer carvings to mark the history of the land as a game park.
Martin Smithurst, Regional Managing Director at Keepmoat Regeneration, said: “The completion of Park Grange House is an important milestone for the partnership and we are very proud to have played a part in providing these much needed high quality homes in such a prime location.
“The PRS market has become increasingly popular in recent years and this demand has to play a greater role in accelerating the delivery of new homes. To successfully tackle the housing shortage, we have to build properties of varying tenure and this project is a great example of partnership working at its best. We are delighted to be working with Sigma and like-minded organisations that are focussed on meeting the country’s needs.”
The 24 two-bedroom apartments at Park Grange House, in Norfolk Park, Sheffield are available for private rent, through Sigma’s Simple Life private rented sector (PRS) brand; while the lettings and property management of the apartments at Park Grange House will be undertaken by SDL Group.
Rachel Hoy, Development Manager at Sigma Capital, said: “We are really pleased to have completed our first development with Keepmoat Regeneration and we are already looking forward to getting on site with our pipeline of developments planned with both Keepmoat Regeneration and SHC, thus cementing our partnership together. We are also delighted to be supporting Sheffield as a city, in being able to help deliver private rental family homes where there is a genuine demand in the area. The apartments are stunning; we are very pleased with the finished result. Perfect for young professionals, they have already proved to be very popular with only 6 of the 24 apartments still available.”
John Clephan, Project Director with SHC, said: “We have already developed over 400 homes for sale, shared ownership and affordable rent in Sheffield. This project will now add private rented properties to the local housing offer. Our next two schemes together will deliver a mix of homes for sale and private rent, bringing with them our usual focus on creating local jobs and targeting the investment into Sheffield’s local economy. Already SHC has supported 41 apprenticeships, created 150 jobs and invested £8.25 million into the local economy.”
Chris Stride, Senior Specialist Portfolio Management, at the HCA, said: “We are very proud to be able support exciting regeneration projects with our partners at Sigma that are helping create homes where they will have a real impact on the local community.
“This development in Sheffield is a great example of how the HCA’s Home Building Fund can be used to accelerate the development of much needed housing where there is high demand. It is fantastic to see how many homes have already been taken up.”
The wider partnership’s investment in Sheffield is also set to continue, with work beginning later this month on a further 333 new homes for private rent, across two sites in Manor Top and East Hill.

Everything comes up roses as staff dig deep for the Yorkshire children’s hospice

  Children with life-limiting illnesses can now enjoy their very own wildlife garden at a Yorkshire hospice, thanks to a partnership cultivated with staff from a Leeds estate agency. Linley & Simpson has broken its previous record by raising £26,000 for Martin House Children’s Hospice at Boston Spa, near Wetherby, during another year of support […]

House prices in Yorkshire rise but not expected to grow further over coming months

More chartered surveyors in Yorkshire and Humber reported house prices increased in Yorkshire and Humber last month, according to the latest monthly RICS (Royal Institution of Chartered Surveyors) UK Residential Market Survey. In the August, 25% more chartered surveyors reported a rise in house prices in the region (up from 18% in July). But only 12% […]

Construction projects increased by 20 per cent as housebuilding thrives

In what is traditionally a slow summer month for construction, August turned out to provide a welcoming boost for the construction industry, as the value of new contracts awarded reached £5.8 billion based on a three month moving average, resulting in a 7 per cent increase on the month and the highest recorded figure since […]

Former Yorkshire mill and works’ site being transformed by developer

MP Stuart Andrew has visited Redrow’s Horsforth Vale development to view progress at the former Clariant Works site and a neighbouring mill which is also being transformed. Mr Andrew, MP for Pudsey, Horsforth and Aireborough, was welcomed by the homebuilder’s land director, Matthew Barker, and David Faraday, technical director, who took him on a tour […]