Sheffield Hallam’s former student union, the Nelson Mandela building, is to be redeveloped into a hotel and office scheme.
The property, in the heart of the city centre, is to be demolished and replaced by a mixed-use scheme by developer CTP St James.
The site, which is situated opposite Sheffield railway station, will be called 1 Sheaf Square and comprise 65,000 sq ft of offices and a 200-bedroom four-star hotel.
CTP St James are buying this site from regional development agency Yorkshire Forward for an undisclosed sum. An outline planning application for the offices and hotel with leisure facilities has been submitted to Sheffield City Council.
CTP St James also masterminded the £130m St Paul’s Place development in the city.
Robert Firth, director of CTP St James, said: ‘With so much regeneration activity going on, this is an exhilarating time to be in Sheffield as the St Paul’s Place development goes from strength to strength and 1 Sheaf Square gets off the ground.’