Landmark Nottingham building sold as developers target tech firms

Some 45,000 sq ft of offices targeted at tech businesses are set to be brought forward in Nottingham following the sale of a landmark city centre building.

Nottingham City Council has agreed the City Buildings to developers, Shoby Properties, who last week bought a 15,000 sq ft serviced office building on Castle Boulevard.

City Buildings is a 19th century block of shops, office space, studios and workshops, at 28-48 Carrington Street.

Councillor Jon Collins, leader of the City Council, said: “We have been very clear what we want and expect from this building and the bids we welcomed for City Buildings reflected our aspirations. Creating more office space in what will soon become a completely transformed area of Nottingham is an attractive prospect for the council and the potential buyers, and I am sure it will be for prospective tenants too, who will bring new job opportunities to the city.

“The regeneration of the south side of the city is a long process, but one that, once completed, will impress people from the moment they arrive in Nottingham.”

David Hargreaves of FHP Property Consultants who acted for Shoby Properties said: “Everyone knows the iconic Redmayne & Todd building which is a stunning piece of architecture situated in a gateway location. My clients Shoby Properties have bought various ‘trophy buildings’ in Nottingham over the past year or so, but this building is probably the best of them all.

“The intention is to restore the building to its former glories externally including all new shop fronts and refurbish the internal areas and add lifts to create modern offices fit for today’s technology led businesses. Its location close to the station is perfect for any business that needs quick access to London, whilst staff will be able to get to work by train, tram or bus.

“The redevelopment of the Broadmarsh Centre and pedestrianisation of Collin Street and part of Carrington Street will see the area as a whole changing beyond recognition in the next two to three years – it will be a great place to base your business.”

David Shelton of Shoby said: “Working with CPMG Architects and Gleeds with guidance from Fhp, we will provide some of the best offices in Nottingham. Up to 45,000 sq ft will be available as a whole or in floors of 10,000 sq ft, or indeed in part from 3,000 sq ft, in 12-15 months.

“We are long-term investors and look forward to holding this fantastic building, once fully refurbished and let, in the family property company for many years to come.”