Sevenstone developer dropped by Sheffield council

Sheffield's Sevenstone development Development of the Sevenstone retail quarter has been on hold for several years

Related Stories

The developer of a £400m shopping centre in Sheffield city centre has been dropped by the council.

The Sevenstone project was put on hold by developer Hammerson in 2008 due to the recession.

The company said it had "worked hard" to deliver the project but could not give a completion date to the local authority.

The Labour-run council said the project remained "viable" and was seeking new partners to take it forward.

The scheme, originally expected to cost £600m, consists of a development in and around Barker's Pool, Pinstone Street and Cambridge Street.

Hammerson said the original scheme had been redesigned to cut costs following the recession.

Further delays

Councillor Leigh Bramall, cabinet member for Business, Skills and Development at Sheffield City Council said: "We have got everything in place to make this a viable, attractive development scheme, and we can't wait any longer to take this forward.

"We are doing everything we can to make this happen, and now this means seeking a new partner."

The decision to drop Hammerson means a delay of up to two years before work can begin.

Peter Cole, the company's chief investment officer, said the decision was a "mutual one".

"We have worked very hard to achieve a retail scheme which creates a thriving city centre environment in Sheffield. We believe the city can build on our work to date," he said.

The council said it was confident it could attract new partners as the site was already secured, the utilities were in place and multi-million pound investment was available.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Sheffield & South Yorkshire



26 °C 16 °C

Features & Analysis

  • Stained glass of man with swordFrance 1 England 0

    The most important battle you have probably never heard of

  • Golden retriever10 things

    Dogs get jealous, and nine more nuggets from the week's news

  • Pro-Israel demonstrators shout slogans while protesting in Berlin - 25 July 2014Holocaust guilt

    Gaza conflict leaves Germans confused over who to support

  • The emir of Kuwait Sheikh Sabah al-Ahmad al-Jaber al-SabahFreedoms fear

    Growing concern for rights as Kuwait revokes citizenships

Elsewhere on the BBC

  • CastleRoyal real estate

    No longer reserved for kings and queens, some find living in a castle simply divine


  • A robot which is due to compete in the 2014 RoboCupClick Watch

    Why robots from 45 countries are playing football in Brazil, plus other technology news

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.