Friday, November 29, 2024

Forgemasters buys extra building to house rising staff numbers

An office building close to Meadowhall has been acquired by Sheffield Forgemasters to house staff working on company’s new 13,000-tonne forging line and proposed machining facility

The 10,000 sq ft, two-storey Riverside Court complex at the junction of Brightside Lane and Weedon Street will become a new base for project leaders and associated contractors working on the transformational project.

With the company undertaking a multimillion-pound recapitalisation project, its workforce has almost doubled through on-site contractors, making space a premium at the existing 64-acre site.

Steve Marshall, manufacturing transformation director, said: “The purchase of offices at Riverside Court offsets demands that the recapitalisation programme will place on existing facilities.

“Our employee count is more than 600 and contractors are set to number almost 500, so additional offices and car parking are essential to maintain productivity without any impact on our major recapitalisation works.”

Knight Frank’s Sheffield’s agency team, headed up by Peter Whiteley, acted for the owners of Riverside Court.

Whiteley, partner and head of office at Knight Frank, said: “Sheffield Forgemasters is investing in the city of Sheffield through its recapitalisation project, bringing employment, commercial and property opportunities.

“It was important for the company to house the relevant staff on one site, also emphasising how crucial an office space with associated parking is in this type and scale of scheme.”

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