Фонд JESSICA в Южном Йоркшире выдал кредиты на 16,85 млн фунтов для офисного и промышленного строительства

The South Yorkshire (SY) JESSICA Fund, managed by CBRE, has completed development loans totalling £16.85m for schemes in Sheffield and Doncaster, taking total funding deployed to more than £100m. The first transaction comprises £8.8m in funding to support the development of a 21,000 sq ft grade-A office scheme on Norfolk Street in Sheffield city centre. The development will meet the sustainability demands of modern occupiers by achieving net zero and BREEAM ‘Excellent’ and EPC ‘A’ ratings, while meeting the demand for centrally located office space off the back of the successful Heart of the City, according to CBRE. The second transaction comprises £8.05m in funding to support the development of an 83,000 sq ft industrial scheme on First Avenue at GatewayEast in Doncaster, consisting of 14 units ranging from 2,500 sq ft to 18,500 sq ft. This builds on the fund’s previous investment in the area, having supported the development of 44,000 sq ft of industrial space in 2017. The site forms part of the GatewayEast development, which could see substantial economic growth following the reopening of Doncaster Sheffield Airport. The two loans take total funding deployed by the SY JESSICA Fund to more than £100m since CBRE’s lending team has been managing the programme, while leveraging over £100m of private sector investment and supporting the creation of more than 2m sq ft of commercial floorspace across the region. Both projects are located within the South Yorkshire Investment Zone, which became the UK’s first investment zone in 2023. Supported by £3m of investment zone funding allocated to the fund from the South Yorkshire Mayoral Combined Authority, the developments align with the programme’s objectives of boosting productivity, attracting investment and supporting economic growth across South Yorkshire. Andrew Antoniades, head of lending at CBRE, said: “Behind the milestone is 1.7m sq ft of employment space that has contributed to the economic strength and regeneration in the region. “These recent transactions demonstrate the impact that investment can have in unlocking development and accelerating growth across the region. As projects within South Yorkshire’s investment zone, both schemes support ambitions to boost productivity and create sustainable economic opportunities. The fund was one of our cornerstone lending mandates and forms part of our portfolio of £3bn of lending across the UK.”