Bank of Scotland Corporate has signed an £18m deal with CTP St James – a joint venture between St James Securities Holdings and CTP Property Holdings – to fund the development of a major new scheme in Sheffield.

St Paul’s Place in the centre of Sheffield is a 4-acre site earmarked for office, leisure, retail and residential redevelopment.

The project comprises five distinct elements: 3 office blocks, a 200-apartment residential block, a 520-space car park, a casino and a further 7,500 sq ft of leisure space.

Deal

The deal was drawn up by Bank of Scotland’s real estate team in Leeds.

CTP St James is a longstanding customer of the bank and is currently involved with projects in Yorkshire including the Wakefield Waterfront, Nelson Mandela offices and hotel in Sheffield and Granary Wharf in Leeds.

GVA Grimley and Knight Frank in Leeds acted for CTP St James.