Scheme designed by 5plus is also being developed by B&K’s development arm
Legal & General is ploughing £150m into a mixed-use scheme in Sheffield being developed by the city council and the development arm of Bowmer & Kirkland.
It features 200,000 sq ft of Grade A office space, 350 build to rent homes, a multi-storey car park and public spaces. The first phase will include office space for 1,800 staff.
Called West Bar Square, L&G has teamed up with developer Urbo which has formed a joint venture for the work with Peveril Securities, Bowmer & Kirkland’s development business.
L&G chief executive Nigel Wilson said: “There has never been a more important time to invest in our regional cities. Legal & General is in a unique position to support the UK economic recovery by recycling hard earned savings and pensions into real assets which promote job creation - through construction to office occupation.”
Designed by 5plus architects, the scheme was granted outline planning in 2017. A reserved matters application is scheduled to be submitted to the city council this summer.
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