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Half-Finished Sheffield Student Block Now Set For Completion!
It’s been two years since the Spectrum student block on Egerton Street in Sheffield was left half-finished after a construction company folded – but it looks as though there’s some good news on the horizon now, with developer Pinnacle Alliance saying a deal is close to being struck to send builders back to the site.
The £10 million student block is now growing weeds, while the wooden cladding has warped and split, the Star reports. A few months ago, scaffolding equipment was removed, which left the seven-storey building empty and rotting away.
A spokeswoman from Pinnacle explained that the site itself hasn’t been abandoned and the company is now close to reaching an agreement with a buyer about restarting the construction work. It’s hoped that the development will be finished next year, she added, saying that flats have been advertised at £60,000 each and all have been purchased.
“It has been a big struggle to get to this point but we are very determined to make this happen. For months Pinnacle could not find a construction company who would be willing to take on the build, causing long delays. This situation has now rectified itself and the recommencement agreement is nearly final,” she was quoted by the news source as saying.
Pinnacle Alliance itself offers a selection of off-plan student accommodation across the UK, as well as residential developments, in places like Liverpool, Manchester, Canterbury, Chester, Bradford, Sheffield and Leeds. In the last three and a half years, the company has sold more than 2,400 residential and student apartments.
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