Significant regeneration projects are poised to transform the Midlands’ largest cities – Nottingham, Leicester and Derby – over the next 10 years. Each has a long-term master plan for the regeneration of its city centre, promoted by a special purpose company to ensure the master plan is delivered. Planned developments in the office, retail, residential and leisure sectors in these centres will prompt an exciting surge in commercial property activity over the coming months and years, as investors and end users benefit from high quality development within the region’s cities.
The Nottingham city centre master plan sets the strategic spatial framework for the development of the city centre. Some of the specific developments contained in the plan are the redevelopment of Old Market Square, a new Centre for Contemporary Arts and the extensive re-development of the Broadmarsh Shopping Centre by Westfield. In addition, the areas to the south and east of the city centre are specifically targeted to provide enhanced ‘gateways’ to the city with mixed-use developments featuring offices, flats, shops and cafes.
