Contact the Capital Investment team for more details about this opportunity

Opportunity Island Site

The project promoter is interested in speaking with co-investors, joint development partners and project funders to participate in this approximately 500 million GBP gross domestic value (GDV) investment opportunity.

This is a 14 hectare (34 acre) multi-phase major project in a prime city centre location. Opportunities exist for residential, private rented sector (PRS), offices and student accommodation across 3 distinct areas. Each phase presents development opportunities for investors and developers working with private sector partners and landowners, offering an opportunity for early discussion about potential investment structures.

Contact the Capital Investment team for more details about this opportunity.

An aerial photograph of office blocks and a car park and derelict land
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Location

Nottingham city centre

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Project promoter

The Conygar Investment Company PLC

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Scale

£500 million GDV

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Sector

Retail, Commercial, Residential, Hotel, Private rented sector

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Investment type

A range of investment types and development partner mechanisms

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Planning status

Resolution to grant outline planning was granted in 2019

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Project background

The site is being developed as a new urban business and residential community within the city’s Creative and Canal Quarters, creating a safe, attractive, high quality and mixed neighbourhood with its own identity and character. The economic development of the site will contribute significantly to the economic growth of the city, helping to maintain its status as a top ten UK city for growth.

Island site is also providing for the further expansion of the life sciences cluster centred on BioCity, complementing the city’s Science City designation. New office space will help to address the city’s identified shortage of Grade A office space, and provide a first class business location for indigenous and inward investing companies alike.

About the project

The project will deliver known demand for a range of uses including Grade A offices, residential (including build to rent), retail/food and beverage, hotel and leisure.

With the resolution to grant completed in 2019, Conygar will be submitting reserved matters for the likely first phases in 2020. This will include a 200 bed hotel and around 250 residential units, with ancillary retail space.

By creating a new urban neighbourhood there will be a variety of high quality housing, attractive to a wide range of households. It will be well connected to new public realm and open space, and to the network of routes within and beyond the site.

Promoters and partnerships

The promoter, Conygar Investment Company is working in partnership as site owner and lead developer, supported by advisers including Lavignac Securities as project consultant, Leslie Jones Architects and Axis Planning as planning and environmental consultant.

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