Scarborough International Properties has been selected as the preferred development partner for the expansion of the Sheffield Olympic Legacy Park.
Sheffield City Council and Legacy Park Limited have appointed the developer for the regeneration project in the Lower Don Valley area of Sheffield.
LPL is a partnership between the council and Sheffield Teaching Hospitals NHS Foundation Trust.
Scarborough’s role will be working with the council and LPL stakeholders to assemble the site and lead the project team through the design, development, letting and funding process.
LPL has proposed an area covering some 200 acres, although Scarborough will initially focus on a masterplan covering circa 70 acres around existing buildings.
Development of up to 750,000 sq ft of business space for the sport, health and wellbeing sector is anticipated within this.
Scarborough is already under contract with the council to bring forward a £6m community sports stadium at the park, incorporating more than 20,000 sq ft of business and conference space, which is planned to complete next summer.
Scarborough plans to build around 40,000 sq ft of office space for its first project, close to Sheffield Hallam University’s Advanced Wellbeing Research Centre, which is due to open this autumn. Scarborough expects to commence building work early in the New Year.
Kevin McCabe, chairman of Scarborough International Properties, said: “We have been building our commitment to the project over the past two years, signing up in 2018 to develop and run the community stadium, and we now look forward accelerating the delivery of Sheffield Olympic Legacy Park to bring jobs and economic growth back to the Lower Don Valley area”.
The park is part of the the London 2012 Olympics legacy plan.
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