Seven figure deal for Sheffield Olympic Legacy Park site will see ice hockey equipment store launched
A 101,337sq ft warehouse which stands on the Sheffield Olympic Legacy Park is to be brought back into sports retail use after being bought for a seven-figure sum in a move which will see the creation of a new large ice hockey equipment store.
Steel City Property Holdings, a joint venture with Puck Stop Ltd and Steelers Ice Arena Ltd, has purchased the Technology Building on Terry Street in Sheffield.
The firm did not reveal the price it had paid in the deal, but said the purchase had been made for seven figures.
The transaction will see Puck Stop consolidate its ice hockey equipment business, currently run from Attercliffe Common in Sheffield, through a new larger store and additional warehousing space.
The move will also allow Sheffield Steelers to expand its merchandise manufacturing and retail unit.
Those behind the deal said expansion is expected to create a “number of new jobs”.
Richard Day, director of Puck Stop Ltd, said: “We are incredibly proud to have secured Technology House and to be investing in the future of sport within Sheffield.
“This move represents a major milestone for Puck Stop, giving us the space we need to expand our retail and warehousing operations, improve efficiency and create an even better experience for our customers.
“The Sheffield Olympic Legacy Park is a unique destination built around sport, health and innovation, so it is the perfect home for our next phase of growth. Alongside the Sheffield Steelers, we are committed to bringing this building back into productive use and creating opportunities for other sports organisations to be part of the site.
It is also hoped another local sports organisation will move into the site once fit out is completed next year.
Technology House stands alongside Sheffield Arena and near sporting venues Ice Sheffield and the English Institute of Sport on the site of the Sheffield Olympic Legacy Park.
The park was formed in 2015 through a partnership between Sheffield City Council; Sheffield Teaching Hospitals NHS Foundation Trust, Sheffield Children’s NHS Foundation Trust, Sheffield Hallam University, NHS South Yorkshire Integrated Care Board, Health Innovation Yorkshire & Humber and South Yorkshire Mayoral Combined Authority.
Mr Day added: “We are particularly excited that the development will enable us to create one of Europe’s largest Bauer mono-brand hockey stores, strengthening Sheffield’s position as a leading centre for ice hockey and sport in the UK.
“This investment demonstrates our confidence in the city and our ambition to continue growing for many years to come.”
MD Law’s commercial property partner Travis Wood acted for Steel City Property Holdings on the property acquisition along with SMH Group’s Head of Commercial Finance James Furniss and SMH Group director Mark Bardwell who advised on funding and tax. CBRE acted for the vendor. Kate Darbyshire and Guv Semhi at Lloyds Bank also advised on the deal.