One of the most significant regeneration sites in the East Midlands has been officially launched to market at MIPIM, the world’s largest property exhibition.
The Boots Enterprise Zone, located in Beeston to the west of Nottingham City Centre, received outline planning consent for some 900,000 sq ft of new commercial space and up to 675 new homes and detailed consent for a new public highway in December 2014.
It is now being released to market by commercial property agency Innes England.
Tim Garratt, managing director at the East Midlands firm, said: “This site is hugely important for the regeneration and growth of Nottingham and one of the most significant to come to market for a number of years, so MIPIM was the logical place for us to launch it to market.
“In recognition of its importance regionally, we want to ensure that this site is used to create a legacy for the city, so will be looking to create a health, beauty and wellbeing-led mixed use urban village with a mix of commercial and residential development.
“In doing this, we will support a scheme which will offer people a complete lifestyle option where they can live and work, where enterprise and innovation are fully integrated in one place.”
Mark Chivers, Enterprise Zone director at Boots, said: “This is a very exciting site for regeneration within Nottingham – and the wider East Midlands – and we are very pleased to be working with Innes England to market the opportunities that present themselves here.
“We are looking to create a brand new community here, bringing commercial and residential uses together in a highly sustainable community and Innes England will be working to bring in the right occupants from within the region but also further afield.”
The Boots Enterprise Zone was one of the first new Enterprise Zones to be announced by Prime Minister David Cameron at the site in 2011.
Funding partners for the development of the Enterprise Zone include D2N2, the Local Enterprise Partnership, Nottingham City Council and the Department for Communities and local government.