The East Midlands Invest in Nottingham: Driving Regeneration and
Investment in Nottinghamshire As Nottinghamshire’s decade of transformation gets well underway, large investment projects which are catapulting the region into powerhouse status are getting into full swing. This untapped potential has seen Nottingham and Nottinghamshire become one of the UK’s most sought- after destinations for inward investment.
The vibrant pulse of Nottingham is rooted in its dynamic spirit—a city unafraid to challenge conventions and embrace disruption. The city fosters a nurturing environment where the best minds and creative thinkers realise potential. It’s a city brimming with opportunities for employment, education, and growth—a place where legacy and innovation intertwine seamlessly.
At the heart of the city, the remarkable Broad Marsh development takes centre stage. This monumental project, a once in many generations opportunity epitomises Nottingham’s resilience in the face of challenges posed by Covid-19 and online retail. The vision, spearheaded by Heatherwick Studios and Stories, sees 20-acres of prime city centre land reimagined, turning an under-used shopping centre, into a dynamic hub for commerce, culture and, community.
Another cornerstone of Nottingham’s transformation is the new and exciting Island Quarter—a £1.4 billion city within a city. Designed as a response to the evolving needs of the community. The 36- acre development introduces the concept of the post-Covid environment, embracing the 15-minute city concept with an abundance of green spaces.
The Island Quarter encapsulates Nottingham’s determination to adapt, grow, and offer a unique urban experience where people live, work, and thrive.
Venturing beyond the city limits, Nottinghamshire’s landscape encompasses the ambitious East Midlands Freeport—a gateway to
international
trade and investment. This strategic endeavour, bolstered by Invest in Nottingham’s collaboration with Nottingham City Council, The Island Quarter, and Team Nottingham, promises to shape the region’s economic trajectory.
In North Nottinghamshire, the world’s first nuclear fusion energy plant will stand as a symbol of the region’s commitment to innovation and pioneering new industries on the cutting edge of technological advancement. Creating 10,000 jobs, the new reactor will mark out Nottinghamshire’s credentials as a hub for clean green growth.
Invest in Nottingham is the region’s inward investment agency, helping businesses to realise their potential and take advantage of Nottingham’s rich banquet of investment opportunities.
Their appearance at UKREiiF 2023
exemplifies a commitment to positioning Nottinghamshire as a prime investment destination. As Nottinghamshire enters a new chapter, Invest in Nottingham remains steadfast in its mission to turbo charge growth and help investors shape a future that reflects the vibrancy and potential of this remarkable region.
Discover more at -
https://www.investinnottingham.com/ East Midlands Industrial Resilience
Reports David Binks International Partner Head of National Logistics & Industrial Agency (Midlands)
Occupational demand in the East Midlands remained relatively stable in the first half of 2023. Nationally take up has fallen back by over 25% during the quarter the East Midlands has proved to be more resilient and has
been affected to a lesser extent falling back by just 6%. Q1’s value takes the H1 value to 6m sq ft, falling 20% below the 5-year H1 average.
Sustainability is at the top of the agenda for many seeking space as evidenced by the demand in the region focusing on Grade A stock with over 94% of the Q1 value originating from deals for Grade A buildings.
Demand remains focused on sizes ranging from 50,000 - 200,000 sq ft with that segment accounting for over 50% of take up over the last four quarters. The region remains desirable for 3PLs looking to obtain strategic locations within their supply chain, it has also been bolstered by significant demand from the “manufacturers and the Other” sector over the last year. Notable deals during the quarter included a purpose-built facility for Persimmons in Loughborough, and 90,000 BTS facility for EM Pharma.
COMMERCIAL PROPERTY MONTHLY 2023
Demand has been a strong preference for freehold land and buildings to purchase. We have marketed several opportunities in Leicester, Kegworth and Shepshed, which have experienced strong occupier and investor demand with buyers being identified via an informal tender process.
Availability has continued to rise, totaling 10.9m sq ft at the end of Q2 2023, an increase from the previous quarter, of 32% QoQ. 10.9m sq ft is currently available, over 10% is under offer accounting for 1.6m sq ft and indicating a likely contraction in supply over coming quarters.
The rise in availability over recent quarters is partially attributable to the emergence of grey space, with 1.2m sq ft currently available in the region by way of assignment or sublease. Supply levels in the region are also bolstered by a strong development pipeline with over 8.9m sq ft available in speculative developments either recently completed or currently under construction. This pipeline has been in response to the under supply seen in recent years. However, pockets of under supply still exist with no units available of 400,000 - 500,000 sq ft which has prompted several developers to announce speculative developments of this scale in the region including Tritax Symmetry in Kettering and GLP at Magna Park Lutterworth.
Cyferd, an innovative software company, has set up a new head office and AI research hub in a historic building close to Leicester city centre.
Cyferd’s game-changing software can generate applications in seconds with just a few keywords, providing businesses across all sectors with a comprehensive suite of advanced tools that can help them to improve their operations and stay ahead of the competition on a global scale.
The decision to set up in Leicester
reflects the company’s
commitment to the UK tech sector and its passion for helping underrepresented groups advance their journeys to successful careers in technology. The new head office is based in the Grade-II listed former Fielding Johnson Hospital building on Regent Road, close to the city centre and Leicester’s two universities.
By establishing its head office in Leicester, Cyferd is committed to providing employment opportunities for local people and contributing to the city’s growing technology sector. The move is a testament to Cyferd’s belief in the potential of Leicester as a hub for innovation and entrepreneurship.
For more information on Cyferd, and investment and relocation opportunities in Leicester and Leicestershire,
visit
www.investinleicester.com
Leicester-based Technology Innovator Establishes New Head Office in the City
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