In one of the biggest office deals in the city, Sheffield’s Hallam University has bought a building near Castle Square, Oneleven Arundel Gate.

The property offers 38,000 sq ft of space and is seven storeys tall. It was previously under the ownership of a London Investment and Property Development Company, Simonsig Property, which owns Oneleven.

The building, which was priced at £4.4m, is to be used for locating the new city campus in the Sheffield City Centre, specifically for support and administrative services, in order to lessen the burden on other accommodations so that they can be used for educational purposes.

With over 4000 employees, 30,000 students and yearly income of £150m, Sheffield Hallam University is one of the best universities in the country according to Alex Pettifer, Hallam’s director of estates and facilities.

The deal was finalized through a business consultancy firm, Lambert Smith Hampton (LSH) and the property was bought out within three months, with all the payments made. This was the largest office deal of the year and it was apparently an easy decision for the university, as the building would allow better access and numerous other facilities due to its strategic location. For info on other strategic office locations, click on desk space to rent.

In the last ten years, Hallam has made investments to the tune of £100m and is planning to invest another £50m in the next two years to upgrade its setup. According to Guy Gilfillan, the head of LSH