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Nottingham’s £30m Teal Park Attracts Nationwide Interest

Commercial People has learned that four nationwide operators have signed contracts to open new premises at a £30 million mixed-use scheme in Nottingham.

Gedling Borough Council has granted planning permission for the creation of a 53,000 sq ft trade park and an industrial unit of 28,860 sq ft at Teal Park after AC Lloyd Commercial, and Henry Davidson Developments (HDD) joined forces to bring the development to the area.

Deals have now been agreed with one of the UK’s private leading self-storage providers, Storage Giant, to open its 11th nationwide store on the prominent corner of Stoke Lane and Colwick Loop Road.

In addition, Tool Station, Screwfix and Howdens have all secured a move into new units of 4,000 sq ft, 5,000 sq ft and 6,000 sq ft respectively.

Commenting on the deals, Mark Edwards, Managing Director of AC Lloyd Commercial, said: “It is great news that despite Covid-19 we have signed contracts with four nationwide operators to take up new units at Teal Park.

“This acts as a great springboard to attract more businesses to the scheme and shows the faith in the high standard of the design and build that we are creating in Netherfield.”

The Leeds-based construction firm, Stainforth Construction, has been awarded the building contract for the next phase, which is due to start on-site imminently.

Richard Croft, director at HDD, added: “We are delighted to have attracted household names of such calibre to Teal Park despite all the difficulties that Covid-19 has presented which is a fantastic endorsement of the location and our development proposals.

“The opening of these branches will lead to new jobs being created which, in turn, will boost the local economy.

“Another positive is that we are also attracting high-quality interest in the next phase of the development which is building the remaining employment units.”

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