A landmark commercial property which played a key role in the regeneration of Sheffield’s Wicker area has secured its first tenant, opening the building for business.
Saville House, on Savile Street, is now home to Places for People, one of the largest property management, development and regeneration companies in the UK, which has taken 7,000 sq ft of top-floor space in the iconic building in a deal brokered by the Sheffield office of Knight Frank.
Developer Urban Properties radically transformed a derelict 1960s warehouse and storage building to create Saville House, just yards from the famous 150-year-old Wicker Arches.
It stands at the Northern gateway to the city-centre and became the catalyst for development of the area, which has also seen Tesco’s flagship 79,950 sq ft superstore established across the road.
Peter Whiteley, partner at the Sheffield office of Knight Frank, said: “This letting is major boost to Saville House, it opens the building up and as part of the deal, Urban Properties are placing a concierge on site. The building is now open and ready for business.
“Saville House underwent one of the highest specification refurbishments of any commercial property in the city and is a truly pioneer development, having proved to be a catalyst in the regeneration of the surrounding area and offering easy access to both the city centre and the M1.
“This first letting has taken some time, largely due to the economic downturn of recent years, but this deal hopefully signals the return to better times.
“We’re keen to attract other forward-thinking clients to the property, which is still available at very reasonable rates for grade A space, but with a resurge in market buoyancy, we expect to see a lot more interest.”
Saville House has more than 100,000 sq ft of stylish Grade A offices over nine floors with panoramic views across the city and surrounding areas. Unusually, it also includes a private 237-space hi-tech car park.
Denis Ziman, director at developer Urban Properties, said: “It is fitting that Saville House, having played a major role in the regeneration of Sheffield’s Wicker area will now have as its first tenant a company that itself is concerned with property regeneration and development.”
The exterior includes steel panel cladding and solar reflective glazing, whilst the interior is decorated in stylish signature colours with a contemporary finish. Suites ranging in size from 5,425 sq ft to 12,566 sq ft are available in the building.
Luke Dawson, group corporate estates surveyor at Places for People, said: “We are delighted to have moved our Sheffield business to Saville House.
“The building has fully satisfied our requirement and has provided our staff with a great environment to deliver our services.”
Simon Croft of Harvey Burns & Co acted on behalf of Places for People.
Support and funding for Saville House has come from Creative Sheffield, Objective 1, Renaissance South Yorkshire and the European Regional Development Fund.