The Peel Group, advised by NJL Consulting, have successfully extended the lifetime of planning permission for a 45,000 sq m high-profile, regeneration scheme at the Sovereign House site, Queens Bridge Road, Nottingham – directly opposite the station.
Unity Square is Peel’s vision for a mixed use destination focused around a newly formed public square incorporating grade A, BREEAM Excellent commercial office space, a new hotel for the city and complementary retail and leisure premises.
The site is at the heart of the Southside Business District which is a highly accessible and prominent commercial quarter focused around Nottingham’s main rail station and the tram hub.
The new planning permission now provides a further 3 years to allow Peel to continue to work with occupiers, partners and stakeholders to set a framework to deliver this catalytic scheme.
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”.
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”.