Planning permission was granted for the project
Work on a huge logistics facility in Nottingham is underway after planning permission was granted. Barwood Capital’s Regional Property Growth Fund acquired the 16-acre site close to Junction 26 of the M1 in August 2021, and now have received planning approval for a 361,000 sq ft warehousing and distribution unit.
Asset Management Director at Barwood Capital, Adam Smith, said: "With a key focus on ESG credentials that will deliver BREEAM Excellent and Net Zero in construction, Nottingham 360 is ideally located in the heart of the UK road network. "We look forward to delivering the scheme at a time where occupational demand remains robust for sustainable and well-located buildings." Director at Premcor Estates, Robert Lane, said: "Nottingham 360 will be a best-in-class logistics scheme and we are excited to be bringing this forward in such a supply constrained market.
"We also look forward to working with Barwood and the whole team to deliver the project." Winvic is the main contractor for the scheme, and expects construction to be completed by December 2023. Barwood’s Growth Fund IV is fully invested and its Growth Fund V is still open for investment, after already securing investor commitments of over £42m. The main strategy for the Growth Fund series remains to invest in underperforming, undermanaged or obsolete real estate throughout the UK regional markets, which have the potential to deliver strong and sustainable growth through planning, development and proactive asset management.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jibes of 'Ant and Dec' and 'Sheriff of Nottingham' as council tax rise approvedA Tory amendment to scrap cost of living support and district teams was branded 'uncaring and reckless'
Read more »
Aerial images show Nottingham from the past - test your knowledgeTake our quiz to see if you can recognise some of the areas pictured
Read more »
We tried the most expensive fried chicken and it's so worth itIt's not like any other in Nottingham
Read more »
Japan's once-glamorous 'Yakuza 'gangsters are struggling to entice new recruits“As far back as I was a schoolboy, I always wanted to be a gangster.” Previously worshipped as idols with ‘beautiful women and new cars’, Japan’s yakuza struggle to get credit cards and pay the bills after a series of crackdowns Niko Vorobyov reports:
Read more »
How To Deal With Dandruff, Once And For AllLuckily, there has been a recent influx of new products dedicated to treating dandruff, taking skincare know-how and applying it to the scalp.
Read more »
Take a look around 'charming' £475K home that was once a church'A beautiful combination of history, charm and character'
Read more »