East Midlands


Planning Application Submitted for Almost Half a Million Sq Ft Employment Development in Mansfield


Commercial Estates Group (CEG) and property developer HBD have submitted a detailed planning application for circa 412,745 sq. ft. (38,345 sq. m.) of employment space on a 12ha site to the south-east of Penniment Farm, close to Mansfield.


The site is allocated within the Mansfield District Council Local Plan for residential and employment use, with homes already under delivery. This full application will see a range of new commercial space, including light industrial, storage and distribution, all set within attractive new woodland and green spaces.


The development is expected to create over 500 new jobs, including distribution, skilled and semi-skilled light industrial roles, along with training and apprenticeship opportunities throughout its construction.


The site lies midway between Sheffield and Nottingham and offers easy access onto the M1 motorway from J28 or J29, with direct access from the A617, the Mansfield and Ashfield Regeneration Route (MARR).


An extremely well-located site, the high-quality space is likely to appeal to regional, national and inward investing companies for distribution and last mile urban logistics. Subject to the granting of planning permission, development will commence early next year.


HBD is one of the UK’s most active property developers. With seven offices across the UK, it focuses on three key sectors; industrial and logistics, residential and urban regeneration.


The agents on the scheme are M1, FHP and CPP. Nottingham’s Renaissance is Now


Nottingham stands at the start of a transformational decade. With two once in a generation developments, transforming the city. The Island Quarter development is breathing new life into an area of the city which has slumbered for many years. The Broad Marsh development is a unique opportunity to re-design a huge part of the city centre, making it fit for the needs and demands of the 21st century.


There’s a huge buzz around the city and an unquenchable thirst from businesses wanting to invest in Nottingham. This excitement and demand have led to Nottingham’s inward investment agency, Invest in Nottingham, having a hugely successful year with opportunities for your business on the horizon.


Over the year April 2021 – April 2022, the agency saw their number of new business enquiries return to pre-pandemic levels, demonstrating a strong appetite to do business in the city. The speed of recovery has certainly been welcomed too by the agency, creating a strong pipeline of potential projects across multiple sectors.


This post-pandemic mini boom has led to a number of inward investment projects being brought to the city. In total, Invest in Nottingham have supported 16 projects over the year which are set to deliver approx. 1,700 future jobs


26


which works out to a GVA of around £85m. These figures include the Government’s hugely successful Places for Growth Project, bringing at least 750 new jobs to Nottingham across 5 Government departments.


Nottingham’s potential still very much remains untapped too despite the influx of inward investment projects. With over £2bn worth of potential investment opportunities, the largest and fastest growing economy in the East Midlands, and 1.3 million people living in the recruitment catchment area, opportunities for investing in Nottingham remain unmatched.


With 24 key development sites throughout the city and wider county, the region offers a range of fantastic opportunities for potential investment and growth. From grade A office and city centre mixed use developments, to residential opportunities and high quality industrial sites, there’s something for a whole range of end uses.


If your business is looking to expand and take advantage of these opportunities, whether you’re large or small, the Invest in Nottingham Team are on hand to provide expert advice and support, unlocking the potential. Get in touch with the team at enquiries@ investinnottingham.co.uk or go to the Invest in Nottingham website.


Council Seeking to Remove More Carbon from development process


Another step has been taken on Nottingham’s journey to become carbon-neutral by 2028 with the introduction of a new environmentally-focused planning document.


The Informal Planning Policy Guidance, consulted on by Nottingham City Council in autumn 2021, will support residential and commercial developments and will seek to reduce carbon emissions from buildings.


It promotes a range of measures that developers can employ to reduce carbon in their proposals, which relate to energy efficiency, renewable energy and sustainable design and construction.


The National Planning Policy Framework


currently gives local authorities few powers to insist that environmental considerations are included within the design and build process.


But with the introduction of the new guidance, all future planning applications in Nottingham of ten or more homes, or commercial developments of 1,000m2 and above, will need to be supported by a Carbon Reduction/Energy Statement.


The council has made a commitment to work with partners to become a carbon-neutral city by 2028. This means reducing emissions from direct and indirect sources that arise from the use of energy within the city to near zero, plus offsetting those which cannot be eliminated.


COMMERCIAL PROPERTY MONTHLY 2022 FHP Sell Residential Investment in West Ridgford


FHP working in conjunction with sister company FHP Living have completed the sale of a Portfolio of 14 Apartments at Bridgford Point on Radcliffe Road in West Bridgford.


David Hargreaves who handled the sale on behalf of a Sheffield based private investment company that had owned the portfolio for 20 years said: “The fourteen 2 bed apartments which sit above a parade of shops in the heart of West Bridgford close to Trent Bridge Cricket Ground, were fully let but at rents below market level. The apartments are all larger than the norm and ranged in size from 750 sq ft to 920 sq ft with each apartment also benefitting from an on- site car parking space which again is quite unusual.”


The Buyer - a local family property company, benefitted from a 10% discount to open market value to reflect the “bulk sale” and intend to redecorate and upgrade the spacious apartments as and when they become vacant for reletting and sale.


Top prices for 2 bed apartments in West Bridgford have been secured in The Waterside Apartments and at Trent Bridge Quays which have been sold by FHP Living achieving £250,000+, reflecting their location by the River Trent, and so this acquisition provides scope to add value to the properties through a proactive asset management plan.


FHP and FHP Living are due to bring a similar portfolio to the market but this time on the edge of the City Centre as well as a £10m Student Portfolio.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72