A £32m student development project by Crosslane Student Developments, part of the Crosslane Group, has received planning permission from Sheffield City Council.
The city centre site is located in the St. Vincent's Quarter of Sheffield and will see the redevelopment of a site on Scotland Street into a 437 bed, new build, premium student accommodation property.
Robert Goulsbra, Development Manager of Crosslane Student Developments, said: "We are pleased to have successfully received planning permission for Crosslane's first student accommodation property in Sheffield, which has a prime Russell Group university and a lively and cosmopolitan city. The city centre site is a short walk to the University of Sheffield, which has over 26,000 students and a shortage of purpose-built student accommodation, and is also close to the university's new engineering campus. Crosslane Student Developments continues to identify and evaluate potential opportunities to further grow our successful student accommodation business in the UK."
The student accommodation will comprise three new residential blocks of six, seven and eight storeys, each with a green 'living' roof.
The development will have 144 studios and 293 en-suite cluster flats, along with a substantial common room, a private study room and meeting hubs, gym and a large landscaped internal courtyard.
Sophie Taylor, Knight Frank Planning team in Sheffield, said: "This development will contribute to the creation of a sustainable local community, securing a long term, viable use for the site. The increase in student population will benefit local businesses and contribute to regeneration of the St. Vincent's Quarter. Residential developments like this are the cornerstones to regeneration and will in turn attract other retail and leisure uses."
Knight Frank Planning in Sheffield advised and acted for Crosslane Student Developments during the planning process. Crosslane had exchanged contracts in March this year with Bolsterstone Group Plc to acquire the site, known as Princess Works. The Princess Works site, on the corner of Shepherd Road, Allen Street and Scotland Street, was formerly used as a Brass Foundry which closed in 1972, and has been occupied by a number of short term, temporary occupiers since 2005.
The property is scheduled for practical completion in time for the 2017/18 academic year and works will commence in November 2015.
