Torsion Group has formed a joint venture with Housing Growth Partnership to deliver a new £53m residential development at Hollis Croft in Sheffield.
Torsion Construction will be main contractor on the 234 bed Build to Rent (BTR) project in blocks from seven to 17 floor.
Completion is expected in mid-2026 and the scheme will also 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, said: “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.”
