If approved the development will also create thousands of jobs in the area.
Developers Peveril Securities and Sladen Estates have lodged a planning application to bring 62,022 sq m of Grade A office space to Unity Square, the 1.14 hectare site in Queensbridge Road.
The scheme will advance the £250 million Southern Gateway regeneration project.
The planning application encompasses two office buildings – the first being ten storeys and the second being 13 storeys high. The build will be in two phases with landscaping and an attractive urban space connecting Unity Square and the station, creating a stunning entrance to this part of the city. The height and scale of the office buildings, along with urban spaces is set to create a brand new city landscape.
-- Advertisement --
Peveril Securities and Sladen Estates purchased Unity Square in 2015 and demolished the derelict car park buildings last year. Unity Square is seen as a crucial area of redevelopment with huge potential – and a cornerstone of Nottingham City Council’s vision for the city’s Southern Gateway, said Ralph Jones, MD of Peveril Securities.
The contractor is Bowmer & Kirkland.
Lorraine Baggs, head of investment at Invest in Nottingham, said: "Unity Square is a prominent high quality development in this significant part of Nottingham – already seeing a massive resurgence in attracting multi-million pound regeneration.
"The scheme indicates the growing confidence in Nottingham as a city which is ripe for both occupiers and developers and we anticipate other substantial interest over the months to come. 2019 is gearing up to be a momentous year not just for Nottingham’s regeneration plans as a whole, but for this area of the city to considerably advance its landscape."
Based in the East Midlands, and headquartered in Derbyshire, Peveril Securities and Sladen Estates have an established background in the regional commercial property market. They have a track record of delivering large-scale developments across the UK.
