Plans have been unveiled for New Albion Place, a new office space development by the former Broadmarsh shopping centre in Nottingham
New Albion Place is a joint venture between Peveril Securities and Sladen Estates and will be built by Bowmer + Kirkland.
B+K plan to transform two acres of land flanked by Canal Street, Collin Street and Greyfriar Gate into office space.
The plans will kick-start regeneration in this important part of the city, which is an area currently very much in the spotlight – and a cornerstone of Nottingham’s transformation.
Ralph Jones, managing director of Peveril Securities, said: “We are in early discussions with a variety of occupiers for more than 250,000 sq ft of space and are very excited to bring forward this development.
“For many years Nottingham has needed a dedicated central business district to provide much-needed large floor plate ‘Grade A’ office buildings to retain key employers within the city and stimulate inward investment.
“We believe that this development will complement the proposed open spaces being considered at Broadmarsh and through the renovation of Hanson House and Richmond House, will retain some of the original heritage of the area.
“It will add to the ongoing transformation on the Carrington Street link between the station and central Nottingham, which has included the recent refurbishment of the City Buildings, the construction of the new library and car park complex, and the ongoing public realm work on Collin Street.”
The developers have acquired the freehold and long leasehold interests in a large proportion of the site, including the old Midland Scooter Centre, Chinese supermarket, Albion House and open car parking.
It is anticipated that the 37,167m² office space will create up to 5,000 new jobs with a completed investment value of circa £200m.
‘An opportunity for Nottingham to reinvent itself’
Nick Sladen of Sladen Estates, commented: “This scheme is a great opportunity for Nottingham to reinvent itself following the pandemic and take advantage of the transformation of the Broadmarsh area – not just for green space and leisure areas, but for much-needed office development that will provide real sustainable growth and inward investment.
“Nottingham has an opportunity to totally redefine its city centre. As a locally-based national developer, we are committed to helping the city make this work and our willingness to make such a significant investment in the city will kick start the wider regeneration proposals planned by the city.
“We have a proven track record throughout the UK and locally, with Unity Square – a building on former derelict land which has secured thousands of jobs for the city – and has put Nottingham on the map as a major employment city.”
The developers are aiming to submit a detailed planning application in the autumn, with a view to commencing construction work in 2022.
Construction is expected to take 24 months.
