Knight Frank’s Sheffield’s agency team, headed up by Peter Whiteley, has facilitated the strategic disposal of 10,000 sq ft of offices in the Meadowhall district.
Located at the junction of Brightside Lane and Weedon Street, the 1980s-built Riverside Court complex, will become a new base for project leaders and associated contractors handling one of the city’s most important industrial developments.
Purchased by Sheffield Forgemasters, teams working on the company’s new 13,000 tonne forging line and proposed new machining facility will take up residence in the two-storey building, relocating from the main site.
Peter Whiteley, partner and head of office at Knight Frank, said: “Sheffield Forgemasters is investing in the city of Sheffield through its recapitalisation project, bringing employment, commercial and property opportunities.
“It was important for the company to house the relevant staff on one site, also emphasising how crucial an office space with associated parking is in this type and scale of scheme.”
The world-renowned engineering firm is undergoing a multi-million recapitalisation project which will see its work force almost double via on-site contractors, making space a premium at the 64 acre site.
Steve Marshall, Manufacturing Transformation Director at Sheffield Forgemasters, said: “The purchase of offices at Riverside Court offsets demands that the recapitalisation programme will place on existing facilities.
“Our employee count is more than 600 and contractors are set to number almost 500, so additional offices and car parking are essential to maintain productivity without any impact on our major recapitalisation works.”
Knight Frank acted for the owners of Riverside Court, while JLL represented Sheffield Forgemasters on its expansion in the Don Valley.
