Work was intended to be complete in 2022. Credit: via Leaders

Marsh Lyons seeks buyer for Vista Sheffield

LPA receivers were appointed to the part-completed, 231-bed Pond Street student accommodation scheme in December.

As outlined by LPA receiver David Currie, the development, in the heart of the Sheffield Hallam University campus, will consist of 218 en suite apartments and 13 studios once completed.

Vista Sheffield is described as “a unique opportunity to acquire part of the Sheffield skyline at the very centre of the University campus”.

The site will accommodate 231 students. Credit: Marsh Lyons

Originally slated for completion ahead of the September 2022 student intake, the Pond Street project was advanced by a subsidiary of Liverpool-based Mount Property Group.

Another Mount vehicle, Mount Group Student Natex was responsible for taking forward a 574-unit development on a former National Express site close to Liverpool Lime Street station.

With apartments sold off-plan using the fractional sales model, the scheme got past the topping-out stage, but the delivery vehicle went into administration with Mazars with the scheme part-finished in October 2021, with £39m owed to creditors.

Blacklight Capital Partners took the project on in summer 2022, paying £10m.

Marsh Lyons, which operates from Manchester and Liverpool offices, has also this month been appointed to find a buyer for a Mount site off Salisbury Street, Liverpool where work on a 70-apartment development has stalled.

Your Comments

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What happens to all the investors who payed over £60.000 for a unit in the building

By Wayne

I’m not surprised that Vista Sheffield is in financial trouble.
It’s flats are in competition with others such as the ones in Heart of the city, just up the road and those are much more desirable in a better location.

By Ludwik

@Wayne

We’re screwed. This was my pension and now it has gone.

By Anonymous

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