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