The Barker’s Pool building in Sheffield has been launched to the market as an investment and redevelopment opportunity.
The five-storey building sits across 1.25 acres and forms part of the council’s £470m Heart of the City regeneration scheme. Proposals are being sought by June for the redevelopment of the 200,000 sq ft property.
Sheffield City Council is seeking proposals that will add vibrancy and attract the widest possible number of visitors and local people into the city centre. Currently, planning for works to remove asbestos and strip out redundant plant and machinery are underway, with anticipated completion for the site slated for spring 2023.
The council owns the building, having acquired the lease from John Lewis in January. CBRE has been appointed to oversee the sale.
Alex Andrews, of CBRE’s UK development advisory team, said: “The Barker’s Pool building presents an exceptional opportunity for a developer to bring forward a creative solution for this prominent building, delivering a sustainable, environmentally friendly scheme, which in turn will capitalise on the growth and development already being delivered across Sheffield City Centre.”
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