Sheffield Hallam University has completed a five-year lease deal for 38,000 sq ft of teaching facilities following a £4m refurbishment project to renovate city centre building Aspect Court.
The deal, brokered by the Sheffield office of Knight Frank on behalf of Aspect Court’s owners, Mapeley, sees the university secure all of the building’s rentable space to expand its post-graduate teaching facilities.
Irwin Mitchell acted as legal advisers on behalf of the university and Clarke Wilmott provided legal advice for Mapeley.
In 2010, a major refurbishment of Aspect Court, on Pond Hill, transformed the interior and exterior of the centrally located seven-storey building.
Tim Bottrill, partner at Knight Frank’s Sheffield office, said: “This is a significant letting at the heart of Sheffield city centre following a major refurbishment and provides Sheffield Hallam University with an ideal location adjacent to its city campus.
“Mapeley is a specialist real estate investor and asset manager with other interests in the city and we have worked closely with the university to secure the lease on Aspect Court.
“Development of the Sheaf Valley, which includes a swathe of prime commercial property and substantial reshaping of the public realm from Midland Mainline railway station into the heart of the city has cemented Sheffield Hallam University’s position at the centre of Sheffield’s most radically reshaped area.”
The exterior of Aspect Court, positioned within sight of the university’s Howard Street-based city campus, a few metres from Sheffield Digital Campus and adjacent to Ponds Forge International Sports Centre, has a new-look white exterior with open-plan office space and a reception area upgraded with new floors and ceilings.
Imogen Ebbs, asset manager at Mapeley, said: “This letting is great news for the building and supplements the impressive existing tenant list including Fujitsu and SDL.
Mapeley continue to actively manage vacant holdings in Sheffield city centre including 40,000 sq ft in Courtwood House and 10,500 in City Plaza.
“We have an extensive in-house team providing one-stop shop solutions to occupiers.”
Mark Swales, director of estates and facilities at Sheffield Hallam University, said: “We constantly strive to improve the experience that students at Sheffield Hallam have, and one of the ways we do this is through the creation of new and innovative teaching and learning environments.”
Aspect Court lies next to Sheffield Bus Interchange, Supertram system and Railway Station and is centrally positioned within walking distance of all city centre amenities and the core of the main retail area.
The nearby Hallam city campus has also undergone extensive investment over recent years.
Irwin Mitchell partner Kevin Docherty, who, along with Kevin Fox in the real estate team at the law firm advised Sheffield Hallam University on the deal, said: “This new facility at Aspect Court is an important addition to Sheffield Hallam University’s City Campus.
“Due to the hard work of all the parties involved, we were able to complete the deal within a tight timescale with the building ready to welcome students for the new term in September.”
Knight Frank continues to work with Mapeley and is also appointed to market 40,000 sq ft of office space at Courtwood House, on Silver Street, a former HSBC Bank building.
Campbell & Co acted as joint agent on the Aspect Court project.