3 St Paul's place'

Wednesday, 16th November 2016


Handelsbanken, the leading Swedish bank, has taken 3,500 sq ft of quality office space at 3 St Paul’s Place in Sheffield city centre.

3 St Paul’s Place, developed by CTP and U+I and built by Bowmer & Kirkland, is the final part of the pioneering £130m Heart of the City project. It is the first speculative office building in Sheffield to be developed since the recession.

David Topham, director of Manchester-based developers CTP, commented: “Handelsbanken’s decision to relocate to 3 St Paul’s Place is a resounding endorsement of our development. It is also extremely encouraging that a company with Handelsbanken’s reputation for quality, service and excellence has chosen our building as their base in Sheffield. They join global civil engineers Arup at 3 St Paul’s Place, another company with a superb reputation. We are very proud of our occupiers.

“Our decision to develop a speculative Grade A office building in Sheffield in the midst of the recession has been vindicated and we are very proud of the quality of the office space we have created. There is now strong interest in the remainder of the building and we look forward to announcing new tenants in due course.

“These are exciting times for St Paul’s Place, which is now an established high-quality, low-occupation cost office location in the heart of Sheffield. It is the greenest, most energy-efficient and most modern office building in the city, with a BREEAM excellent rating, and it marks the revival of confidence in Sheffield city centre,” said Mr Topham.

Handelsbanken has been in Sheffield since 1957 and has relocated from Tudor Square in the city.

Clare Ibbotson, branch manager of Handelsbanken, commented: “Sheffield Tudor Square are delighted to announce that they will be moving in to 3 St Paul's Place early in the New Year. As the longest established branch within the South Yorkshire area, the move is to facilitate the continued growth of our business.

“3 St Paul's Place was seen as the ideal choice in terms of first-class, quality office space with superb facilities in a key central location, which matches our aspirations. We see this as underlining Handelsbanken's long-term commitment to Sheffield and its customers. Our branch office in Barker’s Pool, which serves the Don Valley, will be retained,” said Ms Ibbotson.

Simon Hesketh of co-developers U+I said: “We are delighted to have been involved in delivering 3 St. Paul’s Place, a first class office development for Sheffield. The letting to Handeslbanken underlines the quality of the building and will help to further establish it as a significant new commercial centre for the city.”

The construction of 3 St Paul’s Place went ahead following a landmark agreement between CTP and U+I with Sheffield City Council and the Department for Communities and Local Government.

The 10-storey 3 St Paul’s Place comprises 76,000 sq ft of prime Grade A office space with each 8,000 sq ft floor offering offices suites from 2,000 sq ft. It is rated BREAM Excellent.

CTP and U+I are being supported by Sheffield City Council, regeneration agency Creative Sheffield, SCR JESSICA, which was set up to support infrastructure and real estate investment opportunities across the region, and the European Regional Development Fund (ERDF), managed by the Department for Communities and Local Government.

St Paul’s Place is a high-quality mixed-use scheme which features the 161-bed St Paul’s Mercure 4* hotel; No1 and No 2 office developments occupied by lawyers DLA Piper, RBS, Barclays, accountants PwC, Coutts and the Department of Children, Schools and Families; a 330-apartment residential tower block; the famous “Cheesegrater” car park, operated by Q-Park; a casino; and restaurants and cafes including Pizza Express, Piccolinos, Café Nero, Bill’s Restaurant and Café Rouge.

The architects of 3 St Paul’s Place are Manchester-based Hodder and Partners.

The marketing agents for 3 St Paul’s Place are the Sheffield office of Knight Frank, together with the Leeds offices of BNP Paribas and DTZ.

Peter Whiteley of Knight Frank commented: “3 St Pauls Place delivers much-needed prime Grade A office space within Sheffield’s city centre core. We are very proud to be part the team on this successful development which has helped regenerate this area within the heart of the city. The news that Handelsbanken are moving in is very significant and sets the seal on what has been achieved thus far.”

For further information, please contact Robert Beaumont of Robert Beaumont Associates on 01423 323139 or 07710 127713 or e-mail robert@minskiplodge.demon.co.uk