The task comes as part of a much broader regeneration venture via Sheffield Council. The development will contain twelve flats and is due for finished by the start of 2020. The residences can be sole to be had for first-time customers. The city is about to play host to several other developments, including redevelopments to the Old Town Hall, the Courthouse, and Sheffield Castle. UOWN, founded in 2016, is primarily based in Leeds. The organization ambitions to democratize belongings funding using allowing clients to invest in assets from £1.
It was expected that 200 humans would make investments within the Castlegate development thru the UOWN platform. The twelve condominium ventures could be finished through the beginning of 2020 and feature one-bedroom houses to be made to be had solely to first-time customers. It is predicted that two hundred people will make investments into the task collectively using the UOWN platform. Castlegate Programme Director, Simon Ogden, said: ‘We desired to paintings with local commercial enterprise partners, humans with a real interest in building on its unique man or woman and who proportion our imaginative and prescient. Harris Ahmed, the co-founding father of UOWN, said: ‘We are constantly looking for interesting possibilities for our UOWN clients, so working with Sheffield Council to regenerate the Castlegate area turned into a no brainer.
UOWN has a thrilling new model for helping people to make investments in the nearby Sheffield financial system; we’ve got massive targets for the Castlegate area, and the Castle Street undertaking is a vital instance of sparkling wondering on the way to unlock the potential of the former Stanton Bakery and Cafe – one of the most specific buildings within the sector. The antique Stanton Bakery construction is a classic piece of architecture, and our plans will sympathetically replace the building. Once completed, these beautifully finished flats can be made available for locals and primary-time consumers. There will be no overseas traders buying all of them up, ensuring we are giving Brits a chance to start their very own belongings adventure.’
