How the final phase of Panacea Property Development’s Well Meadow regeneration scheme will look on completion
How the final phase of Panacea Property Development’s Well Meadow regeneration scheme will look on completion.
Nick Hill

Plans submitted for final phase of Well Meadow regeneration in Sheffield city centre

Panacea Property Development has submitted plans for the next phase of its Well Meadow regeneration development in Sheffield city centre.

Located just off Netherthorpe Road, close to the Well Meadow Conservation Area, the development comprises two buildings which will deliver 284 residential apartments consisting of 133 two bedroom, 139 one bedroom, and 12 studios.

The scheme is designed specifically for the emerging build to rent (BTR) market.

Occupiers of the completed development will benefit from this strategic location. They will be within walking distance of city centre jobs, restaurants, bars and other amenities.

The site is also immediately adjacent to Netherthorpe tram stop and is very close to the University of Sheffield as well as the city’s main hospitals.

Phase One of the mixed-use development was delivered in September 2016, and provides over 305 student accommodation units which are now fully occupied. This was delivered in joint venture with Worthington Properties.

Gareth Riddell, managing director of Panacea Property Development, said: “Panacea Property Development is delighted to commence the delivery stage of this project having worked closely with Sheffield City Council for more than a two years to ensure that our plans for this next phase of development provide excellent design standards, and achieve the Council’s aspirations for the delivery of institutionally backed build to rent accommodation, within this important regeneration scheme.

“Sheffield’s residential rental offer will undoubtedly be enhanced by purpose built, high quality build to rent accommodation within this area of the city.”

The design has been developed by architects MCAU and Leach Rhodes Walker. Zerum is engaged as planning consultant and project manager. Curtains is the engineer.

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