Next phase of Island Quarter to get the green light ‘this summer’
The developer of the huge Island Quarter scheme in Nottingham city centre says that it anticipates that planning permission for the next stage of project to be granted by the summer.
Conygar says it hopes to get the green light for two hotels, to be managed by Intercontinental Hotels Group, co-working space, 247 build to rent apartments plus an “extensive” food and beverage offering will be passed by Nottingham City Council’s planning committee soon.
The firm also said this morning (May 10) thatground preparation works have been carried out for the now fully consented 700-bed student accommodation scheme so that it can start work this summer and complete in good time for the September 2024 student intake.
The statement added: “We continue to progress the designs for subsequent phases and are in advanced discussions with potential lenders to finance both the student accommodation development as well as later phases of the project and expect to make announcements in that regard over the coming months.
“The soon to be opening up and ongoing development programme at The Island Quarter site in Nottingham in conjunction with the resurgence of interest in a nuclear capability in Anglesey leaves the group well placed to benefit from the post-pandemic economic bounce and strong demand for high quality, sustainable, UK real estate, particularly in the residential rental market.
“Although the further advancement of our development portfolio will require a substantial investment by third-parties we are confident that there is significant interest which will become clearer over the year.”