Green the Winner

In a milestone event for Nottingham, E.ON and Miller Birch have received planning permission for a 9,755 sq.metres (105,000 sq.ft.) scheme on the former Guildhall site which it is claimed will set new environmental standards. Construction is due to start in 2011 and be completed by 2012. King Sturge advised on the development and DTZ represents E.ON. Indeed the green theme has a further achievement in Nottingham with a 514 sq.metres (5,534 sq.ft.) project on the final phase of the £20 million Chetwynd Business Park at Chilwell. Savill’s Ian Muxlow commented: “Office occupiers, particularly large firms, are increasingly seeking sustainable offices.

Chetwynd is a rare opportunity to acquire quality offices on one of Nottingham’s most popular business parks. Such buildings are more efficient to run, resulting in lower costs of occupation for years to come.” As far as the economy of the East Midlands is concerned, the latest PMI report indicates that private sector output ”remains marked, but new orders rose only slightly.” The measure of business activity fell but was still positive in August, continuing a run that started 16 months ago. The industrial market in the East Midlands had a mixed performance in the second quarter with a decline in the amount of available space in the larger categories although the amount of Grade B space is substantial. DTZ’s Helen Longstaffe said: “As a result of competitive deals for existing Grade A stock, we have seen a significant amount of take up in the region over the past six to nine months which has resulted in a comparative lack of good quality units along the M1 corridor.” One substantial deal was a letting of a 2,550 sq.metres (27,446 sq.ft.) unit on the Queens Drive Industrial Estate, Nottingham, through Lambert Smith Hampton and DTZ to FedEx. Longstaffe said two further units are also under offer which means that part of the estate is fully occupied. As a result of the deal, FedEx intends to top expand its operation in Nottingham. The new unit gives easy access to the city centre and the M1.

The Midlands Commercial Property Register

The Midlands Commercial Property Register is a leading UK business property publication from Martin Austen Publishing. The aim of the publication is to offer a simple and effective means of finding Offices Space, Serviced Offices and Commercial Property in the Midlands . You can also find the latest commercial property news for the Midlands.