THE Business Space team at Lambert Smith Hampton's Sheffield office has helped pave the way for the progress of Sheffield's £400m West Bar regeneration scheme by advising Sheffield-based legal firm Howells LLP sensitively through their relocation.
LSH was initially instructed by Howells to advise on a possible Compulsory Purchase Order being served on the firm's Love Street premises.
The building had been identified as a key element to the West Bar regeneration programme being delivered by
developer Castlemore Securities, which will provide sought-after exclusive residential and commercial property in the heart of the city.
Before the CPO had been carried out, the premises were subject to severe flood damage and the legal firm gave LSH new instructions to sell the Love Street premises outside of the CPO and to acquire new offices for them.
Matthew Barnsdale, Associate Director at LSH's Sheffield office, said: "Following the flooding, the priority was to quickly relocate Howells to enable them to continue practicing.
"South Yorkshire Police had recently put on the market Richfield House, adjacent to Howells' other premises on Bridge Street, which we eventually agreed to purchase.
"Due to the timing we were able to agree a temporary lease of the office space there while terms of a sale were agreed and the sale completed."
Graham Wright, Chief Executive at Howells LLP, said: "Thanks to a quick relocation following the flooding of the Love Street premises, we were able to continue with business as usual, in contrast to some other affected organisations which were unfortunately unable to reopen for some months.
"Richfield House is a useful addition to us, as it links with our existing building and, even without the added pressure of the flood damage to Love Street, our continued success meant that we were already outgrowing our existing premises and needed the headroom that Richfield House could offer us."
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