Trammell Crow Company Successfully Achieves Planning Permission for the Former Betafence Site in Sheffield
March 25, 2022
Trammell Crow Company (TCC), a leading global developer of commercial real estate, has successfully been granted planning permission from Sheffield City Council to develop the former Betafence (and before that Tinsley Wire) site at Shepcote Lane in Sheffield, following submission for planning in December 2021.
By working closely with Sheffield City Council and local stakeholders, TCC has achieved its first planning permission in Europe in under three months. The approved plans will see demolition start immediately at the 20-acre site to replace the existing building with a 367,151 sq ft Grade A logistics facility. The site, on Shepcote Lane, 0.5 miles from Junction 34 of the M1 motorway, includes a facility of 455,750 sq ft, formerly let to fencing manufacturer Betafence.
The new Class B8 storage and distribution unit is expected to create 450 new jobs. Additional employment opportunities are envisaged during the development and construction of the new scheme.
Located in an established industrial area with an existing logistics allocation, the site has excellent transport communications and a 1.4 million working population within an hour’s travel. The area has recently attracted tenants such as Clipper Logistics; Pretty Little Thing; ITM and Great Bear.
Construction is due to start in Summer 2022 and completion is due in early 2023. CBRE acted as planning consultants on the project and Chetwoods were appointed as the architect.
Mike Forster, Head of UK Logistics at Trammell Crow Company, said: “We’ve worked hard in the past year to expand our logistics expertise across Europe and securing our first planning permission on the continent is a product of this. The Betafence site demonstrates the high-quality logistics locations we are actively seeking to develop across Europe. I’m excited to see how the development evolves as we look to provide in-demand quality storage and distribution units in the area. Thank you to all those involved in getting us this far".
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.