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



Min. Night -1 °C

Features & Analysis

  • Abdi Nor IftinGolden ticket

    How a refugee entered a lottery and won a new life in the US

  • Herring in a fur coatMerry herring

    How fish 'in a fur coat' is enough to make Russia's New Year happy

  • Curiosity Self Portrait at Windjana Drilling SiteIn pictures

    The most stunning space photos of the year

  • Amy Adams, Cate Blanchett, Sandra Bullock and Dame Judi DenchFilm quiz of 2014

    How much do you remember about the past 12 months?

Elsewhere on the BBC

  • BooksHidden messages

    Adults often find surprising subtexts in children’s literature – but are they really there?


  • Click presenter Spencer Kelly flies a droneClick Watch

    From wearable technology to drones and robots - highlights from 2014

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.