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October 18, 2019
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Finance

Meadowhall businesses showcase

Councillor Magid Magid, Sheffield’s new Lord Mayor, recently saw how over 400 million of regional investment continues to be ploughed to the Meadowhall district for a business breakfast.

The Lord Mayor, in a of his first engagements since appointed, praised a purchase by IKEA, Meadowhall and ARBA Group and the overall transformation, that is revitalising the Meadowhall district and making more than 2,000 jobs, as being a cornerstone of Sheffield’s commercial offering.

He saw how key developments happen to be completed, and tend to be during the pipeline, at Meadowhall, along with the 300 million leisure expansion at Meadowhall Shopping Centre, the jobs and regional economic benefit for the flagship IKEA store along with the development of in excess of 70,000 feet square of top-grade offices at Meadowhall Business Park.

The Lord Mayor spoke to 60 hand-picked business leaders from commercial property and legal professions along at the event.

He said: “It is heart-warming inside my first week of office to discover at first-hand how rapidly Sheffield is developing because its own major centre with the North of England by using these dynamic changes developing at Meadowhall, complementing the transformation on the city centre through Heart with the City phase two.

“Recognising the quality that Meadowhall Business Park, IKEA and Meadowhall Shopping Centre are leading to this city when it comes to jobs creation and economic gain is massively necessary for ongoing investment along with the future prosperity from the city.”

Mark Bruce, Director of retail at Meadowhall Shopping Centre, highlighted the state-of-the-art 330,000 sq ft leisure hall extension caused by do not delay- backed by owners British Land and Norges Bank Investment Management, developing 1,400 permanent jobs on completion.

While Matthew Gallagher, retail sales team manager at IKEA showcased the necessity of Sheffield’s labour market and development potential as reasons IKEA selected the city like a key location recognising that “as the pace of increase Meadowhall along with the city centre increase, same goes with inward investment”.

Property developers ARBA Group hosted case to produce phase a few their growth of Meadowhall Business Park, transforming five former city council office blocks into in excess of 70,000 square centimeter of commercial space that has attracted small businesses on the area and sustained 500 jobs on completion.

Richard Burns, director at ARBA Group, said: “To have this sort of collective presentation of change for this region under one roof was frankly eye-opening.

“The event marks our launch of any further 22,500 feet square of driveway to the market, even so the sheer numbers in terms of new jobs, accommodation for businesses and economic profit to the location with the three key projects in Meadowhall is extraordinary and completely underpins why we took the opportunity make a commercial hub at the center from it all.”

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