3 minute read
PROPERTY
Work progressing at Canal Turn
New images of the proposals for The Island Quarter in Nottingham have been released as part of an event to mark the progress of works on Canal Turn, the opening phase of the development.
Nottingham South MP Lilian Greenwood, Nottingham City Council leader David Mellen, chief executive Mel Barrett, and other guests were shown around the 36-acre site – one of the largest of its kind in the UK and a key part of the city’s Southside area regeneration – by Robert Ware, chief executive of The Conygar Investment Company PLC.
The dignitaries were joined by children from Sneinton C of E Primary, who planted a time capsule as part of the ongoing work on Canal Turn, which is due for completion in early 2022.
The images released at the event included an updated masterplan for the site, showing increased amounts of green space and the positioning of the currently active phases in the wider context of the site.
Robert said: “Canal Turn will be a true entertainment spot for the city, with event spaces, restaurants and panoramic views across the waterfront. When completed, it will open up the canal basin area, enhancing one of the city’s most under-utilised assets.”
Plans for the opening phase also feature a bandstand and a substantial area of new, attractive public space, which will link with a network of public realm and access routes for pedestrians and cyclists.
The Island Quarter masterplan, which received outline planning approval in April 2019, has been designed with a full lifecycle of uses – including hotels and hospitality, office space and community living – and green spaces at the heart of the plans.
As part of the development of the site, Conygar has applied for Homes England funding and is in the process of exploring the Levelling Up Fund, which is designed to support investment in places where it can make the biggest difference to everyday life.
Councillor Mellen said it will become a “significant new destination” as the site develops.
He added: “It’s transformative developments like these that put Nottingham in a strong position to bounce back from the pandemic and forge a bright future.”
Plans for stadium development
Nottingham Forest has submitted a revised planning application for its proposed stadium redevelopment.
The Reds want to knock down and rebuild the Peter Taylor Stand at the City Ground, alongside improvements to the Trentside area, and the Brian Clough and Bridgford stands. It would increase the capacity from 30,000 to 38,000 seats.
The multi-million pound plan was announced in 2019 and work had been due to get underway last summer, but was put on hold.
The new proposal was lodged last month with Rushcliffe Borough Council, which will now consider it.
New houses for Peak District
Residential developer Forge New Homes has signed on the dotted line for a seven-acre housing development in the Peak District, with the help of law firm Shakespeare Martineau.
Having achieved planning permission to develop a mixture of bungalows, two, three and four-bedroom homes for sale, along with two and three-bedroom homes for shared ownership and affordable rent, the developer has now completed the acquisition of the site in Pilsley, Derbyshire.
This will be the first development for Forge New Homes, which operates in the Sheffield city region and is backed by five housing associations.
Jenny Walker, legal director and land acquisition specialist at Midlands-based Shakespeare Martineau, led the deal. She said: “We are delighted to have worked with Forge New Homes on its first land acquisition and look forward to seeing the housing development take shape.
“New build plots are hugely popular and always have been. The stamp duty holiday caused a surge in activity, with reservation levels being the same or higher as compared with previous years.
“The new-build market continues to be a robust market, with confidence levels remaining high.”
Andy Beattie, project director at Forge New Homes, added: “We are thrilled to have reached this stage of our development plans and take positive steps towards building much-needed, high-quality family homes in the area.”