Hanover Way Sheffield: £10m Nebula student flats set for completion after six years

A £10m block of flats in Sheffield is set for completion six years after the builder went bust leaving it open to the elements.

Friday, 22nd October 2021, 8:35 am

The former Spectrum apartments at the corner of Egerton Street and Hanover Way have been renamed Nebula after the project was bought out of administration by new developers.

Leeds-based Wilton Developments took on the seven-storey shell in Broomhall and aims to complete the project within weeks, after spending an extra £3.2m.

Builders are on site and students are set to move in in January, according to Harvey Mills, director of Cloud Student Homes which is managing lettings and will run the block.

Sign up to our Business newsletter

Sign up to our Business newsletter

Nebula flats on Hanover Way in Sheffield are set to be occupied from January.

It could be the final chapter in an expensive saga that began in 2015 when builders PHD1 collapsed. That left a structure with no windows open to the weather and 152 investors in China, Malaysia and Singapore in limbo.

They had snapped up all flats costing £60,000 before they were built. After work stopped, there was ‘significant weather damage’ and the theft of anything of value including pipes and cables.

Why are Hanover Way student flats in Sheffield taking so long to complete?

In 2019, with a different builder, they tried again to complete the job after winning planning permission to save money by leaving out some ‘green’ features and public art. But work ground to a halt.

The former Spectrum development was left open to the elements.

Now, with new developers, investors have some prospect of making a return.

Mr Mills said new cladding rules had led to more expense and delays which meant students had had to go into ‘alternative accommodation’. But 40 of the 155 units had already been taken.

He added: “It’s turned the developers grey. But it’s going to get finished and be a success story.”

Read More

Read More
Great Northern Conference 2021: date, venue, speakers and how to buy tickets

Join the debate on how best to grow the economy and build a greener, fairer, equal future for the North and hear from our noteable cast of keynote speakers at the Great Northern Conference