| the north east


KNIGHT FRANK INVOLVED IN MORE THAN HALF OF SHEFFIELD OFFICE TAKE UP T


he Sheffield office of Knight Frank has an active involvement in more than half of all office deals concluded in the city over the first quarter of 2018. With office take up totalling 94,000


sq.ft, the KF team has been instrumental in 60,000 sq.ft of the transactions making them one of the most active agents in South Yorkshire.


The figures, released by Sheffield's economic development agency, Invest Sheffield, shows that the city had fewer office transactions than Q1 of 2017, which saw an unprecedented 170,000 sq.ft transacted, but higher than the 75,000 sq.ft ten-year average.


Ben White, associate at the Sheffield office of Knight Frank, said: “This is another strong performance for the commercial property market in Sheffield and a strong performance by the Knight Frank team. “The market has exceeded the ten-


year-average expectations this quarter and clearly shows that there is healthy demand for good quality office space in the city. “Sheffield has proven to deliver a good, competitive cost base compared to other


key regional cities, with high quality staff available from two universities and it is also a great city to live in, which attracts investors.


“However, we are now starting to run out of office stock due to the levels of


DONCASTER – THE HOME FOR YOUR BUSINESS


Doncaster is transforming the way it behaves and looks. It is quickly becoming THE place for doing business. With a perfectly connected rail, road, air and sea network, businesses really are benefitting from Doncaster’s location in the heart of the UK.


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With attractive new homes, award winning attractions, the fastest growing airport in the UK and major commercial developments, whether you are a resident, business or visitor - Doncaster has everything you need. With a thriving economy grown from a strong industrial heritage – Doncaster is now a leader in the rail industry, a major hub for logistics and home to global brands in the manufacturing sector. The Urban Centre Masterplan is


beginning to revitalise the town centre, which includes a redevelopment of the historic Wool Market, improvements to the railway station forecourt, a new central library, museum and art gallery and a new cinema complex. Investing in schemes such as the Lakeside Triangle


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uilding on the strengths of being the UK’s best connected location,


development, the Great Yorkshire Way link road, the new National College for High Speed Rail certainly adds to the strong offer available to business investors.


An additional 150 more council homes will be built over the next two years and a number of key transport schemes will start to be delivered including the A630 Westmoor Link road and the 3km Hatfield Link Road supporting the proposed J5/M18 Unity development.


It’s at the heart of a significant and


growing cultural and visitor offer and is fast becoming a destination in its own right. With a wide range of visitor attractions, home to the world’s oldest classic horse race, the St Leger and the UK’s No.1 walk through Wildlife Park, there is something in Doncaster for everyone.


With a booming economy, there are plenty of job opportunities, from global warehousing and distribution brands, world class engineering and technology to a strong manufacturing offer and plenty in between. Doncaster adds up as a great place to do business. Visit: www.wearedoncaster.co.uk


demand which are partly driven by Sheffield's superb location and cost, but also by the city's ongoing levels of development both in the city, its wider transport infrastructure and its future potential.”


NEW ERA SQUARE


ew Era Development (UK) Ltd is the Sheffield-based property developer responsible for creating the £65 million New Era Square, Sheffield Chinatown project. New Era Square will be a truly inclusive space with a cosmopolitan vibe. An open air public square in the centre of the development will have retail and restaurant outlets that embrace a variety of diverse cultures.


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The development has retail units available to let in a wide range of sizes with A1, A2, A3, A4 and A5 planning consent, anchored by KH Oriental Supermarket, Sheffield’s largest Oriental food store, which is over 40 years old. With the city centre on its doorstep, there are also over 2,000 students to be living in the immediate vicinity by September 2018, an office block being built on site and Sheffield United F.C. less than 5 minutes’ walk away.


Phase 1 is due to open in June 2018 and the entire New Era Square development to be completed by May 2020. With ongoing attention from the local media, excitement and anticipation is building across the city about “Sheffield’s very own Chinatown”, which is to reflect a 21st century contemporary image of Chinese urban culture.


COMMERCIAL PROPERTY MONTHLY 2018


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