HBG, Beatty & Miller in bid for Moor Markets

by ArabianBusiness.com staff writer Saturday, 03 March 2007

Three firms have bid for the first phase of a US $1.47 billion (£750 million) scheme to transform Sheffield city center, according to a report in Construction News.

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HBG, Balfour Beatty and Miller are competing for the first stage of the scheme, an $88 million mixed-use project called Moor Markets.
Laing O'Rourke also considered bidding for the contract but decided against it due to workload commitments.

Led by Deutsche Bank's development arm, the project is part of a massive regeneration programme for the city, which will see an investment of more than $1.9 billion over the next 10 years.

The scheme will focus on redeveloping the notoriously run down Moor shopping area. The 24-acre site is one of the main shopping areas in the city centre, which will be divided into around 12 areas to be developed.

The first phase will focus on constructing an indoor market, along with retail units and residential space. Featuring around 250 stalls, the new market will replace Sheffield's existing Castlegate market. Shop units, a large car park development and a purpose built student accommodation block for Sheffield Hallam University will also be constructed. Sheffield City Council awarded planning permission for the project several weeks ago.

The winner of the contract is expected to be announced in April and work on the first phase will begin in the spring.

It is anticipated that the same firms will also pursue the later stages of the development. The entire scheme is expected to take 10 years to complete.



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