Sheffield developer borrows £31.5m to complete flats and houses

The developer of Hallam Towers in Sheffield has borrowed £31.5m to finish the project.

Friday, 19th March 2021, 11:33 am

Blenheim Land & Properties said it would enable them to build a 15-storey tower and 11 terraced houses on the former hotel site in Broomhill.

A concrete column and a crane can currently be seen on the plot.

The cash is from Fortwell Capital. Bosses said they anticipate a surge in people ‘seeking a higher quality of life in Sheffield and other regional cities’ once the pandemic subsides.

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The loan will enable the construction of both phases of the 117 unit scheme.

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Thank you. Nancy Fielder, editor.