Nottingham Commercial Office Review 2012

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For further updates visit www.nottinghamofficereview.co.uk

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Nottingham Office Forum members Chesterton Humberts DTZ FHP Property Consultants Geo Hallam and Sons HEB Innes England Invest in Nottingham Jones Lang LaSalle Lambert Smith Hampton Lorne Estates NG Chartered Surveyors Nottingham Regeneration Limited Nottingham City Council Savills Salloway

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Investment Deals

Change of Use

The city saw over 207,000 square feet of office accommodation transacted during 2012. Significant deals included the £6.2m purchase of Mowbray House by Hillview and £6.8m purchase of Castle Wharf by the Canal and River Trust.

Chapel Quarter

5,705 sq ft

Cumberland Court

6,129 sq ft

50 Shakespeare Street

9,219 sq ft

36 Regent Street

3,477 sq ft

Total

21,053 sq ft

The Steps, Plumptre Square

11,812 sq ft

14-24 Regent Street

18,165 sq ft

• Nottingham Enterprise Zone offers development opportunities across four city centre sites

Premier House

26,305 sq ft

• A technology led city with research excellence and growth sectors in Lifesciences, Cleantech and Digital Media

Castle Wharf

41,000 sq ft

• Cutting edge global digital infrastructure

Nottingham One

50,000 sq ft

Mowbray House

57,000 sq ft

Total

207,759 sq ft

This is the third Nottingham Commercial Office Review which provides an essential update on the office market activity during 2012 in Nottingham’s main office core.

Nottingham demographics and workforce

• Over 98% of the UK market within a 4 hour drive of the city • Access to 62,000 students studying at Nottingham’s two universities • £40m Nottingham Investment Fund available to growing businesses • Home to global businesses including Capital One, Experian, Alliance Boots, Speedo and E.On

• £10m Nottingham Technology Grant Fund focussed on supporting technology led companies • Award winning integrated transport network with two new tram lines under construction and A453 widening • Top 6 retail destination

Total population: 1,361,200 (Journey to work area)

• The UK’s most energy self-sufficient city

Working age population: 887,100

• Nottingham Creative Quarter to create an ‘incubator without walls’ in the Eastside of the city

Private sector employment: 273,050

GRADE A GRADE B

ft 02 sq

• Close to 1.4 million people in the journey to work area

73

,88

6s

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GRADE C

Available Office Space GRADE A

Financial and Business Services employment: 105,700

146,912 sq ft

ft

The Nottingham Office Forum brings together the city’s commercial property professionals, planning and development experts and specialist consultancies. The aim of the forum is to create a coordinated voice to investors, developers and occupiers about Nottingham’s office market.

Deals done by grade

21, 1

Reasons to invest in Nottingham:

71, 231 sq

Nottingham Office Forum

GRADE B GRADE C

Student population: 62,000

For further updates visit www.nottinghamofficereview.co.uk

595,360 sq ft

166,147 sq ft

Pipeline

Selection of Key Deals 30-34 Hounds Gate

7,689 sq ft

SRC Transatlantic

Waterfront House London Road

8,685 sq ft

BWB Consulting Ltd

City Gate Tollhouse Hill

13,269 sq ft

Northcliffe Media Limited

The Pod Fletcher Gate

20,000 sq ft

TDX Group

Castle Wharf House Canal Street

41,000 sq ft

Land Registry

Phase 2 Nottingham One

Canal St

89,998 sq ft

Sentinel

Wilford Rd

98,652 sq ft

The Portal

Queens Dr

149,996 sq ft

Apex Court City Link Road 48,125 sq ft

Former Hartwell Ford Site

London Rd

202,094 sq ft

Unity Square

Meadows Way

290,628 sq ft

Eastside

London Rd

1,409,589 sq ft

Total

2,240,957 sq ft

NET Phase 2

Lace Market Square

Castle Meadow

NG2 Business Park

The Pod

Trinity House

Castle Wharf

Department for Business Innovation and Skills


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