Work is underway on a new £30 million multi-purpose development in Nottingham which will generate more than 350 new jobs for the local economy.
Property company AC Lloyd and Henry Davidson Developments (HDD) have begun work on the 20-acre site in Netherfield, with the first phase expected to be completed in early 2020.
The Teal Park scheme, based off the Colwick Loop Road, will feature a pub/restaurant, a 66-bedroom care home and retail units.
It will also be home to a 53,000 sq ft trade park for 14 units and 141,000 sq ft of employment units.
The first phase of work will include delivering the enabling and infrastructure works on the site, before construction begins on the trade and larger industrial units at the top of the site.
The scheme will be delivered in phases over the next three years, with the next phase due to start in Q1 or Q2 2020.
Mark Edwards, managing director of AC Lloyd Commercial, said: “This is AC Lloyd’s first foray into Nottingham and the wider East Midlands, so it is exciting to see that hard work coming to fruition and construction starting on site.
“We have already seen good interest in the units on site, with national occupiers secured and we are confident of attracting further interest on the remaining units.
“The development is set to be of great benefit to Netherfield and its surrounding communities, creating between 350 to 400 new jobs once the scheme has been completed, and creating a lasting legacy in the area.
Reserved Matters Applications have been submitted for the various phases on the site, with planning permission now secured for a 66-bed care home.
HDD will be responsible for delivering the project on behalf of AC Lloyd.
Scott Davidson, managing director of Nottingham and Birmingham based HDD, said: “It is fantastic to see the scheme starting to come to life.
“The team at HDD has worked tirelessly to get the project to this stage and it will generate significant employment.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement