£9.2m Sheffield city centre redevelopment to convert office block into 43 flats
Original Article Summary
<p>West One Loans has provided £5.78m in development finance to convert a vacant Sheffield mixed-use building into 43 residential apartments and three commercial units, with a £9.2m GDV.</p>
PropMatch Curated Analysis
West One Loans provides £5.78m development finance at 62.82% LTGDV for converting a Sheffield office building into 43 flats, demonstrating active lender support for office-to-residential conversions with structured build-and-exit financing.
Investor Relevance
Shows availability of development finance for office conversions, provides benchmarking data for similar projects, and indicates lender confidence in residential-led developments outside London, particularly relevant for developers considering conversion opportunities.
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