Legal & General has plans to invest £150 million (€172 million/$187 million) in the West Bar Square development in Sheffield, England, to deliver the first phase of the substantial mixed-use project in partnership with developer Urbo and the Sheffield City Council.
The development will comprise 200,000 square feet of class A office space, 350 build-to-rent homes, a multi-story car park and public spaces.
“Our vision for West Bar Square is to deliver a much needed new quarter for the center of Sheffield. During these unprecedented times, it is absolutely imperative that institutions continue to push forward with deals such as these, so we can position the U.K. for an accelerated recovery and lay the groundwork to support those most in need in society,” said Nigel Wilson, CEO of Legal & General.
Mazher Iqbal, Sheffield city councilor and cabinet member for business and investment, added, “We are repeatedly being told that there is a shortage of ne
