Sheffield’s long-delayed Sevenstone retail scheme is about to take another important step forward.
After the recent news that Sheffield City Council had renegotiated commercial terms with developer Hammerson, both parties are now in a position to bring forward the delivery of the project.
John Mothersole, the council’s Chief Executive said: “We have been determined that the Sevenstone scheme should go ahead and this is now a very significant and practical step forward. A huge amount of effort and skill has gone into getting to this point for a development that will transform shopping in Sheffield city centre and will deliver many, many jobs for Sheffield people.”
The next stage in the process will be the acquisition of the remaining land for the development site. The council is serving Compulsory Purchase Order (CPO) Notices on all interested parties whose land and property interests lie within the confirmed CPO development site.
The council and Hammerson have appointed agents Cushman Wakefield, and Rees Denton to undertake the negotiations on valuations and compensation.
Council leader Julie Dore said: “The Sevenstone project is crucial in creating a vibrant city centre for Sheffield, bringing business, jobs and growth to the city. It’s fantastic that the scheme is back on track and this is a great step forward for economic growth in Sheffield.”