Bank of Scotland to fund Sheffield scheme (UK)

Bank of Scotland Corporate has signed an £18 mln. (approx. €23.4 mln.) deal with CTP St James – a joint venture between St James Securities Holdings and CTP Property Holdings – to fund the development of a major new scheme in Sheffield.

St Paul's Place

St Paul's Place in the center of Sheffield is a 4-acre site earmarked for office, leisure, retail and residential redevelopment.

The project comprises five distinct elements: 3 office blocks, a 200-apartment residential block, a 520-space car park, a casino and a further 7,500 ft² (approx. 694 m²) of leisure space.

The deal was drawn up by Bank of Scotland's real estate team in Leeds.

CTP St James is a longstanding customer of the bank and is currently involved with projects in Yorkshire including the Wakefield Waterfront, Nelson Mandela offices and hotel in Sheffield and Granary Wharf in Leeds.

Source: Property Week

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