Scarborough International Properties Limited, has been appointed by Sheffield City Council and Legacy Park Limited (LPL) as preferred development partner for the expansion of the Sheffield Olympic Legacy Park, a major regeneration project, in the lower Don Valley area of Sheffield. Scarborough will work with the Council and all LPL stakeholders to assemble the site for Sheffield Olympic Legacy Park and lead the project team through the whole design, development, letting and funding process.
Scarborough will focus on an initial masterplan zone covering circa 70 of the total 200 acres around existing buildings such as the Fly DSA Arena, the English Institute for Sport, Sheffield, the UTC Sheffield Olympic Legacy Park and the Oasis Academy Don Valley. Development of up to 750,000 sq ft of business space for the sport, health and well-being sector is anticipated within this initial zone.
Kevin McCabe, Chairman of Scarborough, said: “We believe in Sheffield Olympic Legacy Park and the ability of Sheffield, my home city, to create and support a unique business environment that achieves Legacy Park Limited’s ambitious vision. We have been building our commitment to the project over the last two years, signing up in 2018 to develop and run the Community Stadium, and we now look forward accelerating the delivery of Sheffield Olympic Legacy Park to bring jobs and economic growth back to the Lower Don Valley area”.
The aim of the park, which includes the site of the well-known former Don Valley Stadium, is to deliver a tangible legacy from the London 2012 Olympic Games through a combination of world-class sports facilities, education, new skills, research and innovation, environmental improvements and opportunities for the local community. The vision is that it will become one of the world’s leading locations for innovation in sport, health and wellbeing.
Scarborough is already under contract with Sheffield City Council to bring forward a £6m Community Sports Stadium at the park, incorporating more than 20,000 sq ft of business and conference space, which is planned to complete next summer.
LPL is a partnership between Sheffield City Council and Sheffield Teaching Hospitals NHS Foundation Trust.
