Project Promoters:

Nottingham City Council

Scale:

£340m GDV

Sector:

Residential/Retail/Leisure

Location:

Close to Nottingham City Centre

Investment Type:

Forward and development funding including PRS

Planning Status:

Various sites with full and outline planning permission

nottinghamcity.gov.uk/planning-and-building-control/building-a-better-nottingham/housing-developments/waterside-trent-basin-development

WatersideNottingham

OpportunityNottingham Waterside provides strategic investment and development opportunities, to help shape the early stages of the project and the wider Waterside Regeneration Area within the city of Nottingham.

The Waterside Regeneration Area covers 27 hectares and presents a number of residential and commercial development opportunities for investors and developers working alongside private and public sector partners and land owners. This includes Prvate Rented Sector (PRS) and the need to satisfy the demand for family housing.

Overview

Background

Nottingham is centrally located in the East Midlands and well connected within the UK. The Waterside Regeneration Area is located to the Southeast of the city centre to the North of the River Trent. It is less than a mile from the city centre and a long-standing regeneration ambition for the city. The City Council is a principle land owner together with private land and lease owners.

Waterside will become a major new mixed use riverside sustainable community with its own identity and character. Located close to the city centre, it will provide a unique urban environment, providing the best of urban lifestyle in a modern, safe, vibrant and attractive riverside setting. As a residential-led development, with a large proportion of family housing to attract families back to the city, it will provide homes in a high quality waterside environment.

High quality public realm will create an appropriate setting for new development and this will be crucial to the success of the regeneration of the Waterside. Central to this will be the new Riverside Path and its associated green infrastructure, providing an attractive and continuous open space for walking and cycling along the north bank of the River Trent.

Project Description

Nottingham City Council’s vision is to turn what is a predominately light industrial and commercial area into an attractive and thriving neighbourhood. The Council is developing a Supplementary Planning Document to support the development of the area and for developer guidance.

The ambition for the Waterside Regeneration Area is for it to become an aspirational, thriving neighbourhood complete with waterside living, family homes leisure and retail opportunities as well as providing new green infrastructure. The project will deliver up to 1,200 new homes, retail and leisure uses.

Redevelopment of the is progressing well with the majority of Phase 1 of Trent Basin now sold and 50% of phase 2 reserved. Phase 3 will begin in 2019. Construction has started on adjoining sites with 84 apartments on the former Park Yacht Club site will be completed in 2019. A further 2 sites have secured planning permission. A Supplementary Planning Document for the area will be adopted by the Council in Summer 2019.

The wider development will see a large proportion of family housing along with apartments, retail and leisure uses.

Elevate as developer have acquired additional land and planning permission has been submitted at Trent Keyes (Meadow Lane) for 95 units, including both housing and apartments.

Project Promoter and Partnerships

Nottingham City Council are the principle project promoter working in partnership with Developer, Blueprint at the Trent Basin area of the development, and Elevate Property Group at Trent Keyes for part of the site to deliver new homes and apartments.

Nottingham