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PLATFORM_ to deliver Build-to-Rent scheme in Sheffield city centre

A major Build-to-Rent scheme is to be built on Sylvester Street in Sheffield city centre. 

Build-to-Rent developer and operator PLATFORM_ completed the purchase of the consented site within three weeks of the terms being agreed, with CBRE representing the vendor.

 

It is located less than a ten-minute walk from Sheffield train station and next to both The Moor shopping centre and the Sheffield Retail Quarter, which is undergoing a £480 million regeneration. 

 

The company plans to seek a new planning consent to increase the number of units from 201 to around 300 apartments. The current consent also offers 46,000 sq ft of offices.

 

It follows a major new deal with Invesco to create the UK’s first operational Build-to-Rent portfolio. The JV, announced in April, covers PLATFORM’s first five assets.

 

The Sheffield project will be the brand’s first new-build development and marks the second phase of the company’s strategy to develop a nationwide portfolio. 

 

The deal, which is the company’s first since they entered into their joint venture with Invesco, was carried out on PLATFORM’s behalf by Lambert Smith Hampton and Travers Smith.

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