Sheffield Catalyst Sites - Neepsend and Furnace Hill Development Opportunities

Description

Homes England is seeking Development Partners with the requisite skills, expertise, resource and creativity to deliver the comprehensive development of two significantly important and ambitious residential-led mixed use development opportunities in Sheffield City Centre. The development opportunities comprise two separate Lots. Following the initial selection stage, Homes England will shortlist three bidders for each of the following Lots: • Lot 1 Furnace Hill; and • Lot 2 Neepsend. Homes England has jointly prepared a Development Framework with Sheffield City Council to guide the delivery of each site and established the following Vision: "To transform Furnace Hill & Neepsend into two distinct and vibrant, urban neighbourhoods, capitalising upon their historic and natural assets to create a varied townscape, with a network of new public spaces and streets to improve legibility and connections between the City Centre and Kelham Island" Homes England is committed to developing a long-term relationship with Development Partners who have a proven track record in successfully delivering sustainable and high quality residential-led regeneration, matching the scale of Homes England's ambition for these two sites and Sheffield's huge potential. Furnace Hill and Neepsend each have an industrial heritage but inherently different characteristics with the potential for each neighbourhood to provide a distinct and varied residential offer that will play a pivotal role in meeting Sheffield's housing needs. Homes England is therefore presenting this opportunity for the appointment of a Development Partner for each site which can be delivered independently of each other. Additional information: Working closely with Sheffield City Council through the Sheffield Together Partnership, Homes England is progressing a comprehensive programme of place-based regeneration activity in Sheffield City Centre. The Council has identified two principal sites within Furnace Hill and Neepsend as catalysts for the regeneration of its urban core. The vision is for these sites to become two distinct, vibrant new neighbourhoods for people to live, work and play in the heart of the City. Lot 1 Furnace Hill Description: Furnace Hill is located as a key northern gateway to the City Centre bounded by the major arterial routes of Hoyle Street and Shalesmoor to the west and north respectively. The site is bound by Shepherd Street to the east and by Meadow Street to the south. The site is currently under-utilised and mainly comprises a mix of vacant land and vacant/derelict industrial buildings. The site extends to approximately 2.57 hectares. The site holds historical significance and includes a range of designated and non-designated heritage assets including the Hoyle Street Cementation Furnace (Scheduled Monument); the last intact cementation furnace in Sheffield, and Don Cutlery Works (Grade II Listed); a rare surviving mid-to-late 19th century metal works. Furnace Hill Conservation Area extends through part of the site. Key aspects identified in the Development Framework include: • 825 new homes • 1,900 sqm of non-residential uses • Mix of one, two and three bedroom mid to high rise apartments and maisonettes • Landmark tall building of exceptional quality at the corner of Shalesmoor/Hoyle Street • Repurposed and transformed Don Cutlery Works • High quality public realm including the new "Furnace Square" • Indicative GDV of £165,000,000 Development Partner Requirements: Homes England is seeking to appoint a Development Partner for Lot 1 (Furnace Hill) and a Developer Partner for Lot 2 (Neepsend) with the financial means and relevant experience, skills, and resources to deliver the comprehensive development of these strategically important Catalyst Sites. The role of the Development Partner for each Lot will include: • To produce a masterplan and scheme designs based on the Development Framework; • To prepare and submit planning applications and secure planning approval for agreed schemes; • To secure funding commitments from investment partners; • To procure and manage construction contracts for the delivery of infrastructure and development works; • To coordinate the marketing and sale process for individual phases of development, and where appropriate the operational and letting/management arrangements for rented assets; and • To manage the development process through to the completion of construction and sale/exit. The value in this notice is the combined envisaged gross development value (GDV) for the combined sites. Lot 1 envisaged GDV is approximately £165,000,000.00 with a contract duration of 96 months. Working closely with Sheffield City Council through the Sheffield Together Partnership, Homes England is progressing a comprehensive programme of place-based regeneration activity in Sheffield City Centre. The Council has identified two principal sites within Furnace Hill and Neepsend as catalysts for the regeneration of its urban core. The vision is for these sites to become two distinct, vibrant new neighbourhoods for people to live, work and play in the heart of the City. Lot 2 Neepsend Description: Neepsend is located along the River Don, just to the north of the A61 outside of the ring road, being bound by Penistone Road along its western boundary and Cornish Works to the south beyond which is the Kelham Island neighbourhood. The site mainly comprises vacant and/or derelict industrial buildings together with two operational uses (Wickes retail store and Westpack industrial building). The site extends to approximately 2.5 hectares. The site holds historical significance and includes a range of designated and non-designated heritage assets such as Cornish Works (Grade II Listed) which encapsulates the historical evolution of the cutlery industry in Neepsend. Rutland Road Bridge and Insignia Works are located adjacent to the site boundary and are Grade II listed. The Kelham Island Industrial Conservation Area extends through the majority of the site. Key aspects identified in the Development Framework include: • 480 new homes • 2,000 sqm of non-residential uses • Wide range of typologies including maisonettes, townhouses, low and mid-rise apartments • Repurposed and transformed Cornish Works • High quality public realm including the new "Artisan Square" and riverside walkway & pocket park • Indicative GDV of £125,000,000 Development Partner Requirements: Homes England is seeking to appoint a Development Partner for Lot 1 (Furnace Hill) and a Developer Partner for Lot 2 (Neepsend) with the financial means and relevant experience, skills, and resources to deliver the comprehensive development of these strategically important Catalyst Sites. The role of the Development Partner for each Lot will include: • To produce a masterplan and scheme designs based on the Development Framework; • To prepare and submit planning applications and secure planning approval for agreed schemes; • To secure funding commitments from investment partners; • To procure and manage construction contracts for the delivery of infrastructure and development works; • To coordinate the marketing and sale process for individual phases of development, and where appropriate the operational and letting/management arrangements for rented assets; and • To manage the development process through to the completion of construction and sale/exit. The value in this notice is the combined envisaged gross development value (GDV) for the combined sites. Lot 2 envisaged GDV is approximately £125,000,000.00 with a contract duration of 72 months.