Contact Number: +44 (0) 33 3303 4681

Refinance for redevelopment of Kelham Island site

location icon

South Yorkshire, UK

The redevelopment of a key site in Sheffield’s up and coming Kelham Island area took a step forward following funding from Bridge Help.

In a deal completed in less than two weeks, Bridge Help agreed short-term finance of circa. £1.2million in July 2020 for the development of a site in Kelham Island. The refinance loan was agreed with developers on a relatively low Loan To Value (LTV) enabling it to be completed quickly.

Planning approval for the site, which is located adjacent to the Grade 2-listed Globe Works building and Grade 2-listed Cornish Works, was secured from Sheffield City Council in 2018 for the demolition of existing buildings and the construction of a new 4 to 11-storey building.

The site, which is now vacant, was previously occupied by Namsbury Engineering, Eurofab and the Rutland House student accommodation scheme.

The new development will comprise a total of 222 apartments and two commercial units at ground floor level, a basement car park and communal amenity space.


Kelham Island Case Study


Kelham Island sits to the north of the city centre. The manmade island was formed in the 1100s, when a stream was diverted to power a nearby mill. However, as industrial activity has moved on, the area has undergone a significant transformation in recent years and quietly become one of the most exciting parts of the city. Buildings that were once factories, mills and workshops are being transformed into Sheffield’s answer to Manchester’s Northern Quarter.

Chris Sellars, CEO of Bridge Help, who personally arranged the deal said: “We were delighted to assist the developer in their plans to redevelop a significant site on Kelham Island. Being based in Sheffield the site is close to Bridge Help’s head office in Chesterfield so I look forward to seeing how construction progresses.”

If you’re looking to refinance an existing loan or would like to talk to us about short-term acquisition finance to get your commercial development out of the ground, call our friendly team today on 033 3303 4681 or get in touch via the website here.

To keep up-to-date with deals and developments at Bridge Help, follow us on LinkedIn, Facebook and Twitter.
If you’re looking for a short-term loan for commercial property development and would like to speak to one of our business development team in your region, contact Bridge Help on 07305 362605.


Kelham Island 2021

Ready to Apply?
Call us Now.

If you need to need to access short-term auction finance quickly and have asset security available, talk to us today.