£150m funding deal for Sheffield’s West Bar Square

Legal & General has agreed to pump £150m into funding the first phase of Sheffield’s West Bar Square development.The funding deal with joint venture developers, Urbo Regeneration and Bowmer and Kirkland’s Peverill Securities is the biggest to be sealed during the coronavirus outbreak and will support the UK’s post crisis economic growth prospects, jobs and housing needs.The 1.4m sq West Bar Square city centre scheme will be built next to the city’s inner relief road has been designed by 5plus architects and master planners Urbed.It will involve building 200,000 sq ft of office space, 350 build to rent homes, a multi-storey car park and quality landscaped public spaces.The first phase will deliver large footprint, modern office space, currently lacking within Sheffield’s property market, and is expected to accommodate up to 1,800 workers.West Bar Square professional teamDeveloper: UrboDelivery Partner: Peveril SecuritiesProject Managers: UrboProject Architects: 5plusUrban Designers: UrbedPlanning Consultants: How PlanningInfrastructure: Infrastructure and ServicesConsulting Engineers:RenaissanceAgents: BNP Paribas and Knight Frank