AN historic Sheffield school is to be transformed into high profile apartments following a deal involving Sheffield Hallam University.
Residential developer Bellway is to turn the former Blue Coat School for Boys on Psalter Lane into 14 apartments and build a further 40 detached and semi-detached townhouses and eight apartments in the grounds.
Property consultant Knight Frank brokered the deal, while the real estate team at the Sheffield office of law firm Irwin Mitchell advised Sheffield Hallam University on the sale of what had once been its arts and design campus.
University director of estates and facilities Mark Swales said: “Psalter Lane will always be an important part of Sheffield Hallam’s history and we are glad to have brought the sale to fruition.
“We are now able to concentrate on investment and development in our campuses at City and Collegiate. This includes a £95 million investment over the next three years.”
Bellway plans to name the development Bluecoats. The firm says it plans to open a sales office in February and to have a show home open for potential buyers to see by May 2013.
Bellway’s Ross Clarkson said: “Bluecoats will be a prestigious development and an asset to the local housing market and we expect the new homes to generate considerable interest.”
Sheffield’s Blue Coat School was founded in 1706 to educate boys with no fathers and was originally in East Parade in the centre of Sheffield. It moved to Psalter Lane and closed in 1939, when it was requisitioned by the Army at the start of the Second World War.
Sheffield College of Arts and Crafts moved into the building in 1945 before becoming part of Sheffield Hallam. The site became a venue for 80s bands The Human League and ABC and has been unused since 2008.