Commercial People has learned that work is underway on a new £30 million multi-purpose development in Nottingham by AC Lloyd and Henry Davidson Developments (HDD).
Expected to generate more than 350 new jobs for the local economy, the first phase of the 20-acre site in Netherfield is expected to be completed in early 2020.
Mark Edwards, Managing Director of AC Lloyd Commercial, said: “This is AC Lloyd’s first foray into Nottingham and the wider East Midlands, so it is exciting to see that hard work coming to fruition and construction starting on site.
“We have already seen good interest in the units on site, with national occupiers secured and we are confident of attracting further interest on the remaining units.
“The development is set to be of great benefit to Netherfield and its surrounding communities, creating between 350 to 400 new jobs once the scheme has been completed, and creating a lasting legacy in the area.”
The Teal Park scheme is based off the Colwick Loop Road and will feature a pub/restaurant, a 66-bedroom care home and retail units. The scheme will also be home to a 53,000 sq ft trade park for 14 units and 141,000 sq ft of employment units.
The first phase of work will include delivering the enabling and infrastructure works on the site, the scheme will be delivered in phases over the next three years, with the next phase due to start in Q1 or Q2 2020.
Reserved Matters Applications have been submitted for the various phases on the site, with planning permission now secured for a 66-bed care home.
HDD will be responsible for delivering the project on behalf of AC Lloyd.
Scott Davidson, Managing Director of Nottingham and Birmingham based HDD, said: “It is fantastic to see the scheme starting to come to life.
“The team at HDD has worked tirelessly to get the project to this stage and it will generate significant employment.”
Featured Image: (L-R) Damian Middleton (HDD), Mark Edwards (AC Lloyd), and Richard Croft (HDD).