Warwick-based property company AC Lloyd is working with Nottingham’s Henry Davidson Developments (HDD) to create a new £30 million multi-purpose development in Nottingham.
The two firms submitted plans to Gedling Borough Council for a pub/restaurant, retail units and children’s nursery along with a 53,000 sq ft trade park for up to 14 units and 141,000 sq ft of employment units across seven premises.
Mark Edwards, managing director of AC Lloyd Commercial, said: “Formally submitting our plans for planning permission is another stage in the process and we are pleased with the response we have had from national-based organisations who are interested in opening units at this site.
“Teal Park has a great location with good access to Nottingham and the wider East Midlands and there is a demand for smaller employment units for SMEs and entrepreneurs which these premises will deliver.”
In addition to the premises already planned, LNT Care Developments has put forward its proposals to build a 66-bedroom care home for those with residential and dementia needs.
Scott Davidson, Managing Director of Nottingham and Birmingham, based HDD, said: “Now that the site has been purchased, and planning submitted, the next real focus is on delivering the enabling and infrastructure works on site.
“Discussions are currently underway with selected contractors in order to make a start during late summer 2019. This will mark the next exciting chapter on Teal Park, and it will be fantastic to finally see the scheme coming out the ground.”