Developers say up to 500 jobs could be created at a new industrial site they want to build between Nottingham and Sheffield.
Commercial Estates Group (CEG) and property developer HBD have submitted plans for almost 413,000 sq ft of employment space on a 29 acre site near Mansfield.
The developers say the greenfield site, near Penniment Farm, on the western edge of Mansfield, is allocated within the District council’s local plan for residential and employment use, with homes already going up.
They said the full application includes a range of new commercial space, including light industrial, storage and distribution, with new woodland and green spaces.
They said the development could create over 500 new jobs, including distribution, skilled and semi-skilled light industrial roles, along with training and apprenticeship opportunities throughout its construction.
The site lies close to junctions 28 and 29 of the M1, and near to A617/Mansfield and Ashfield Regeneration Route.
They said the space could appeal to distribution and “last mile” urban logistics companies and, subject to planning, work could start early next year.
Lawrence Escott, investment manager from CEG, said: “We have worked on the Penniment Farm development for many years and new homes are already being delivered at the site.
“This significant speculative employment scheme will complement this, creating hundreds of jobs in the local area.
“CEG is actively regenerating two key Midlands employment sites at Vesuvius, Worksop and Vaughan Trading Estate in Tipton.
“Here we are developing more than a million sq ft of high quality space which, similar to Penniment Farm, is designed to appeal to inward investing companies, trade and industrial occupiers, as well as local businesses.
“Both have been incredibly successful generating new jobs and economic benefits.”
Justin Sheldon, director and head of region at HBD, said: “This is a fantastic opportunity to not only inject much-needed new industrial stock into the market, but to create hundreds of new jobs for the community while attracting inward investment and driving new opportunities for the wider region.
“There is significant demand for high-quality, well-located industrial and logistics units and we expect to see strong interest in the scheme. It is anticipated that the development will be brought forward on a speculative basis which reflects the demand for this type of space and our continued confidence in the region.”
HBD has seven UK offices focussing on industrial and logistics, residential and urban regeneration.
This latest scheme is one of several projects underway in the Midlands, including Phoenix 10 in Walsall, a landmark 44-acre regeneration site; Setl, a £32m residential scheme in Birmingham’s Jewellery Quarter; and Power Park, which will see the transformation of Nottingham’s former Imperial Tobacco Factory into a new industrial and logistics location.
The agents on the scheme are M1, FHP and CPP.
