Torsion Group has partnered with Housing Growth Partnership (HGP) to develop a £53m residential project at Hollis Croft, Sheffield. The development will include 234 Build to Rent (BTR) apartments in blocks ranging from seven to 17 floors.

Sheffield, UK – December 16, 2021. An aerial view above Sheffield city centre in South Yorkshire with The Arts Tower and Electric Works prominent

Torsion Construction will serve as the main contractor, with the project set for completion in mid-2026. The scheme will feature a residents’ lounge, home cinema, fully equipped gym, co-working areas with meeting rooms, and bicycle storage.

Dan Spencer, chief executive at Torsion Group, stated: “We are delighted to announce our joint venture with HGP to jointly fund these high-quality built to rent apartments in the centre of Sheffield. HGP’s unique offering and approach to joint equity funding with Torsion has been key in bringing Hollis Croft in Sheffield to fruition. The team at HGP have been a highly supportive partner and we are pleased to be working with them as joint funders to deliver a sustainable building and positive outcomes for local communities in Sheffield.”

Katie McCarron, Investment Manager at Housing Growth Partnership, added: “Our debut investment with Torsion, who have an impressive track record in delivering large-scale Living projects, highlights the role that equity funding can play in bringing much-needed homes to the market. We expect Hollis Croft to be a sought-after development in what is a high-growth UK city, offering tenants an exceptional living experience. This latest equity commitment continues our expansion in the UK Living space, benefitting from a slowdown in the traditional forward funding market, and is aligned with our commitment to delivering schemes that have a positive environmental and social impact.”

The project aims to enhance the local community by providing high-quality living spaces and contributing to the urban development of Sheffield.