More than 400 jobs will be created when a multi-million pound Chinese development is built near Sheffield city centre.
The £65 million scheme will include shops, cafes, a Chinese supermarket, office space and student accommodation on land between Bramall Lane and London Road.
The 20-storey development will also feature a ‘business incubator’ aimed at enhancing trade between firms in the UK and China.
A consortium of six investors from mainland China have put money into the scheme.
Politicians believe the investment could act as a catalyst for further cash to be pumped into Sheffield from overseas.
Jerry Cheung, managing director of New Era Development UK Ltd, said: “This is a significant inward investment for the Sheffield City Region. It is a landmark project for an area of the city which will be transformed into a modern, cultural and enjoyable location for all.”
The plans have been submitted to Sheffield Council, and it is hoped building work will begin early next year, to be finished by the summer of 2016.