The completed 3 St Paul's Place.

Final phase of £130m Sheffield city centre scheme complete

3 St Paul’s Place, the final part of the £130m Heart of the City project and the first speculative office building in Sheffield to be developed since the recession, has been completed.

The 10-storey office development, which comprises 78,000 sq. ft. of prime Grade A office space with each 8,000 sq. ft. floor offering offices suites from 2,000 sq. ft, is now ready for immediate occupation. Headline rents are £23.50 per sq for a full floor.

The construction of 3 St Paul’s Place went ahead following a landmark agreement between developers CTP and U+I (formerly Development Securities) with Sheffield City Council and the Department for Communities and Local Government. It was built by Bowmer and Kirkland.

David Topham, director of Manchester-based developers CTP, commented: “These are exciting times for St Paul’s Place, which is now an established high-quality office location in the heart of Sheffield. The building, which marks the revival of confidence in Sheffield city centre, has been completed and we look forward to welcoming Arup, our first occupiers, shortly.

“The practical completion of the building is a proud moment for all the team associated with the development of 3 St Paul’s Place and I am delighted to report that there is now huge interest in the building.

“The building itself is the most modern and the greenest in Sheffield. It is the final important piece in the jigsaw of the Heart of the City initiative, which has transformed the city centre into one of the finest in the North of England.”

Already Arup, the global engineering consultancy, has taken 16,000 sq ft of quality office space at 3 St Paul’s Place.

Arup’s Jim Bell said: “Our Sheffield office has a fantastic reputation and is an important location for the firm. Being in the heart of the city is key to our belief in vibrant cities and low-energy futures, and 3 St Paul’s Place is an ideal location and a landmark building.”

“By getting in early, we have secured the top floors of the building with spectacular views across the city, and been able to negotiate exclusive additions including extra energy-efficiency measures and a roof terrace, so the deal represents exceptional value for money.”

Coun Leigh Bramall, the deputy leader of Sheffield City Council and Cabinet Member for Business, Skills and Development, added: “This superb development is a classic example of the public and private sectors working together for the common good. We have enjoyed an excellent partnership with David Topham and CTP and it is immensely satisfying to see 3 St Paul’s Place, which began in the worst recession since the Second World War, now taking its place in the city skyscape.”

St Paul’s Place is a mixed-use scheme which features the 161-bed St Paul’s Mercure 4* hotel; No.1 and No.2 office developments occupied by lawyers DLA Piper, RBS, Barclays, accountants PwC, Coutts and the Department for Education; a 330-apartment residential tower block; the famous ‘Cheesegrater’ car park, operated by Q-Park; a casino; and restaurants and cafes including Pizza Express, Piccolino, Caffe Nero, Bill’s Restaurant and Cafe Rouge.

The architects of 3 St Paul’s Place is Manchester-based Hodder and Partners.

The marketing agents for 3 St Paul’s Place are the Sheffield office of Knight Frank, together with BNP Paribas and Cushman & Wakefield.

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