Plans in for major employment scheme that could create 500 jobs
Commercial Estates Group (CEG) and property developer HBD have submitted a planning application for over 410,000 sq ft of employment space on a 12 hectare site to the south-east of Penniment Farm, close to Mansfield.
The site is allocated within the Mansfield District Council Local Plan for residential and employment use, with homes alreadybeing built. This full application will see a range of new commercial space, including light industrial, storage and distribution.
The development is expected to create over 500 new jobs, including distribution, skilled and semi-skilled light industrial roles, along with training and apprenticeship opportunities throughout its construction.
Subject to the granting of planning permission, development will start early next year.
Lawrence Escott, investment manager from CEG, said: “We have worked on the Penniment Farm development for many years and new homes are already being delivered at the site. This significant speculative employment scheme will complement this, creating hundreds of jobs in the local area.
“CEG is actively regenerating two key Midlands employment sites at Vesuvius, Worksop and Vaughan Trading Estate in Tipton. Here we are developing more than a million sq ft of high quality space which, similar to Penniment Farm, is designed to appeal to inward investing companies, trade and industrial occupiers, as well as local businesses. Both have been incredibly successful generating new jobs and economic benefits.”
Justin Sheldon, director and head of region at HBD, said: “This is a fantastic opportunity to not only inject much-needed new industrial stock into the market, but to create hundreds of new jobs for the community while attracting inward investment and driving new opportunities for the wider region.
“There is significant demand for high-quality, well-located industrial and logistics units and we expect to see strong interest in the scheme. It is anticipated that the development will be brought forward on a speculative basis which reflects the demand for this type of space and our continued confidence in the region.”
This latest scheme is one of several HBD projects underway in the Midlands, including Phoenix 10 in Walsall, a landmark 44-acre regeneration site, Setl, a £32m residential scheme in Birmingham’s Jewellery Quarter, and Power Park, which will see the transformation of Nottingham’s former Imperial Tobacco Factory into a thriving new industrial and logistics location.
The agents on the scheme are M1, FHP and CPP.
