Commercial Estates Group (CEG) has purchased the former Oughtibridge Mill site at Oughtibridge, North Sheffield, from SCA for an undisclosed sum.
The 110 acre (45 hectare) site includes 350,000 sq ft of former industrial buildings with an array of development sites, including one house, within the sale.
Andrew Smith, director of agency at Capita Real Estate – part of Capita Property and Infrastructure - which managed the sale for SCA, said: “Following a period of marketing and informal tender process we are pleased to conclude the sale with CEG who we believe will take forward the site for sustainable development for the future and the local community.”
David Hodgson from CEG said: “This is one of the prime housing development opportunities in Yorkshire. The riverside and woodland setting at the gateway to the Peak District is unrivalled and CEG looks forward to unveiling a new high quality residential-led proposal which will benefit the scenic Oughtibridge village.”
Oughtibridge Mill has a rich history in paper manufacturing. Established in 1871 the Victorian estate once employed several thousand people but ceased paper production in 2007. Located at the gateway to the Peak District, some 20 minutes from Sheffield City Centre, the site comprises a series of industrial buildings and offices, industrial land, grazing land, sports fields and woodland.
CEG specialises in placemaking, working closely with Local Authorities and the community to create masterplans which deliver high quality, locally responsive design. The company is currently regenerating Kirkstall Forge in Leeds, once of the oldest industrialised sites in the Country to create homes and prime working spaces for more than 10,000 people, along with a new dedicated railway station, leisure, retail and community facilities.
Capita Real Estate and Infrastructure work with public and private sector organisations to design, build and optimise their real estate and infrastructure assets. From thought to finish, we apply our combined expertise to achieve more from the entire built environment.
We build competitive advantage through intelligently applied real estate and infrastructure solutions and enhance our clients’ standing in a forever-changing world.