Revealed: new images of huge Nottingham mixed-use development
TheBusinessDesk.com has seen more images and details of the plans for the huge new Boots Island site.
On Monday, land owner Conygar and developer Lavignac Securities submitted a planning application for an extensive mixed-use scheme on a long-neglected 40-acre city centre site in Nottingham.
Now, further details have emerged, around the employment prospects for the site when completed. On a planning application, Conygar said some 4,600 people could work at the site, which will contain offices, student accommodation, a hotel, apartments, a creative market space and a linear park.
More images have also emerged of the scheme.
On Monday, Christopher Ware of Conygar told TheBusinessDesk.com: “We’ve taken a wider view than previous plans for this site. Our scheme is easier to phase, and because we don’t have any debt, we have cash in the bank that can be deployed on the site.”
Ware said that Conygar “don’t necessarily need” pre-let tenants signed up for the site before any development work can take place.
He added: “It’s been widely-publicised that there is a lack of Grade A office space in the city centre of Nottingham. The city has lost out to other cities when it’s come to large inward investment requirements
“There is also lack of high quality hotel space in Nottingham. We’re talking to a number of operators, as there’s a real gap in the market in the city.”
He added: He said: “We’ve been working hard in the background, and our aim is to get a spade in the ground early in 2019. The timescale to complete the full project will depend on market demand.
“What we have here is an opportunity to create something different on a site that has been neglected for 20 years. Our feeling is that Nottingham hasn’t punched its own weight – this development will help the city do that.”
