Developers have announced plans to build a new 16-unit industrial and warehouse scheme worth around £20m at Trent Gateway in Beeston.
The 6.4-acre site was purchased by a joint-venture between industrial developer and asset manager Chancerygate and international real estate firm Hines.
Located within the 48-acre Beeston Business Park, the Trent Gateway’s developers says it is in a “prime industrial and office location offering fast access to junction 25 of the M1, Beeston Railway Station and East Midlands International Airport”.
Chancerygate development director, Mark Garrity, said: “This is an excellent acquisition for us, representing a prime location in the Nottingham area with untapped potential.
“At Trent Gateway, we will offer a broad variety of unit sizes and freehold or leasehold options, providing a very attractive opportunity to local businesses seeking to expand and nationwide operators looking to broaden their portfolio.
“Beeston has long been in need of a new high-quality development. We are already receiving interest from potential occupiers, reflecting strong demand for the excellent standard of our product and high level of service we deliver.”
Hines senior managing director and UK head, Ross Blair, added: “This is an exciting acquisition for the joint venture that will deliver a much sought-after quality industrial scheme.
“Our partnership combines Chancerygate’s significant industrial market expertise with Hines’ investment, development and asset management capabilities.”