The developer behind Sheffield’s £200m Heart of the City scheme officially opened the final building - and then revealed plans for another block.
David Topham, director of CTP, hailed the completion of 3 St Paul’s Place, a £20m grade ‘A’ office on the corner of Charles and Norfolk streets.
It is the sixth and final building in a development which includes the Mercure Hotel, St Paul’s City Lofts, a 32-storey tower, and the Cheesegrater car park.
But Mr Topham told The Star that he was working on plans for 4 St Paul’s Place because, “the demand is there.”
He acknowledged there was no free site in the area, but refused to reveal where the new building might go.
He added: “The launch of 3 St Paul’s Place marks the end of our partnership with the city council.
But Sheffield is under-provided with high quality office space and it is a growing city. “We have created a new central business district and we want to continue that experience. It’s a great pleasure to help create the future of the city.”
Mr Topham said there had been very little interest in 3 St Paul’s Place from mainstream funders at the height of the recession in 2010.
In the end a “basket” of lenders was required including Barclays, a European Regional Development Fund loan and a JESSICA infrastructure loan from the Local Enterprise Partnership.
Mr Topham thanked Sheffield City Council for help in applying for the cash.
The authority had also agreed to underwrite the costs if no tenants could be found, adding security to the ‘speculative’ project, which was started without any occupiers signed up.
Engineering consultancy Arup is the first tenant and has taken the top two floors.
Simon Green, the city council’s director of place, said the scheme proved the authority could deliver big projects.
He added: “Mr Topham’s plans for 4 St Paul’s are a further endorsement of the city council’s work.”
1 St Paul’s is occupied by law firm DLA Piper, Barclays, RBS, PwC and Coutts. Block two is taken by BiS and DfE.