Joint venture partnership to deliver £53m Sheffield BTR scheme

We have advised Torsion Group on a joint venture partnership with Housing Growth Partnership and funding from The Ingenious Group to deliver a major new £53 million build-to-rent development in Sheffield.

Situated in the city’s Cathedral Quarter, the Hollis Croft development comprises studio, one- and two-bedroom apartments, and will provide tenants with a high-quality living experience.

Dan Spencer, chief executive at Torsion Group, said: “We are delighted to announce our joint venture with HGP to jointly fund these high-quality, build-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.”

David Worsley, managing director at Torsion Developments, added: “I would like to extend a special thank you to all our project partners as well as the Torsion team for their exceptional work in securing the Hollis Croft development in Sheffield.

“This significant achievement is a testament to their hard work, dedication and expertise in the field. The successful acquisition of Hollis Croft marks a major milestone and sets a solid foundation for future growth and development.”

We provided corporate, banking and finance, and property support, our team, led by Jody Webb, included Jennie Davis and Raluca Larion (corporate), Christopher Gayle and Tina Sehmar (banking), and Peter Rees and Emma Ali (property). Jody Webb, corporate partner, said: “It was fantastic to work with Torsion Group and GLPG (GL Capital) on this key development, congratulations to all involved.”