Peel’s Unity Square scheme granted three-year extension
THE Peel Group has successfully extended the lifetime of a planning consent granted for a 480,000 sq ft-plus regeneration scheme planned for Nottingham’s Southside Business District.
The firm’s advisors, NJL Consulting, have gained a further three years’ permission for Peel to deliver the high-profile Sovereign House site at Unity Square in Nottingham. The site is on Queens Bridge Road – directly opposite the city’s main train station.
The extension will give Peel more time to work with occupiers, stakeholders and partners on the framework for the site, where BREEAM ‘Excellent’ offices are planning to accompany a new hotel, retail and leisure units.
Mark Saunders Senior Consultant at NJL Consulting, said: “There has been a lot of very good collaborative work undertaken thus far since the early concept stage for Unity Square right through to outline planning permission and beyond.
“It is very good news that this has been recognised to allow a more flexible arrangement for Peel to move on full steam to delivering Unity Square.”
Richard Mawdsley, development manager at Peel, said: “We are delighted with the permission for Unity Square. We are already in discussion with potential tenants – both hoteliers and office occupiers – but the permission means that the marketing and branding can start in earnest.
“The scheme is a huge statement of intent by both Peel and the City, in demonstrating that Nottingham will compete with the other UK ‘core cities’ as a very serious business proposition”.
