Moda plans 410 homes in £136m Sheffield scheme

Moda Living has acquired a site with planning permission for 410 new homes for rent to develop a £136m GDV neighbourhood in Sheffield. The development is located in the heart of the city centre and ranges across 26 storeys, with flats ranging from studios to three-bedroom homes. The neighbourhood will also include a host of amenities including a gym and residents’ lounges, as well as 2,600 sq ft of retail space. The development will have strong ESG credentials, such as buying its 100% renewable energy in bulk and locking in utility prices for 12 months at a time, which also helps Moda keep the cost of utilities down for its residents. Sustainability will play a crucial part in the neighbourhood’s design and operation, with Moda targeting net-zero operational carbon across its portfolio by 2030. Currently, Moda’s existing UK-wide operational neighbourhoods, including in Birmingham, Manchester, Leeds, Liverpool and Edinburgh, are certifiably run 100% on energy from renewable sources. Construction is due to begin on the Milton Street neighbourhood in the second quarter of 2023. Tony Brooks, managing director of Moda Living, said: “The Milton Street neighbourhood will allow us to make our mark here while bringing a new generation of rental living to Sheffield city centre. “With the UK’s housing crisis worsening, we are committed to continue our investing in towns and cities across the UK to provide great-quality managed homes for a wide demographic.” To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews Discover which agents have been most active in Sheffield so far this year >> Photo © Moda Living