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Scarborough International Properties has sealed a deal to lead the expansion of Sheffield's Olympic Legacy Park.
The firm will work with Sheffield City Council and Legacy Park Limited (LPL) to help deliver the major regeneration project as the preferred development partner.
LPL, a partnership between Sheffield City Council and Sheffield Teaching Hospitals NHS Foundation Trust, has proposed a potential area for Sheffield Olympic Legacy Park covering some 200 acres. It will focus on an initial masterplan zone covering circa 70 acres around existing buildings such as the Fly DSA Arena, the English Institute for Sport, Sheffield, the UTC Sheffield Olympic Legacy Park and the Oasis Academy Don Valley. Development of up to 750,000 sq ft of business space for the sport, health and well-being sector is anticipated within this initial zone.
The aim of the park, which includes the site of the well-known former Don Valley Stadium, is to deliver a tangible legacy from the London 2012 Olympic Games through a combination of world-class sports facilities, education, new skills, research and innovation, environmental improvements and opportunities for the local community. The vision is that it will become one of the world's leading locations for innovation in sport, health and wellbeing.
Scarborough's new appointment adds to the firm's previous commitment to deliver a £6 million Community Sports Stadium at the park, incorporating more than 20,000 sq ft of business and conference space.
Kevin McCabe, Chairman of Scarborough International Properties Limited, commented: "We believe in Sheffield Olympic Legacy Park and the ability of Sheffield, my home city, to create and support a unique business environment that achieves Legacy Park Limited's ambitious vision. We have been building our commitment to the project over the last two years, signing up in 2018 to develop and run the Community Stadium, and we now look forward accelerating the delivery of Sheffield Olympic Legacy Park to bring jobs and economic growth back to the Lower Don Valley area."
(CM/MH)
