East Midlands Property NewsAll the latest East Midlands property news including developments in Leicester, Nottingham, Derby, and all of Lincolnshire, Leicestershire, Nottinghamshire and Derbyshire.
Verdion is set to add a further 3m sq ft of space within phase two of iPort, its 6m sq ft intermodal logistics park in Doncaster.
Kier Property has exchanged with Lidl and Wickes on a retail conversion site at South Wigston near Leicester.
Crosslane Student Developments has secured planning consent for a 583 bed purpose-built student accommodation development on Friar’s Road in Coventry.
Legal & General Investment Management is set to snap up a major Midlands retail park for around £95m - considerably less than the guide price of £103m.
Urban & Civic has acquired a one third partnership stake in a 400-acre site in Cambridgeshire that is expected to deliver up to 2,800 homes.
Hilton has announced it will open a new 140-room Garden Inn in Stoke-on-Trent.
Perland Properties has purchased a 160,000 sq ft freehold warehouse on Max Park, Corby from Staples.
UPP and Keele University’s proposals for £160m-worth of new student residences have been unanimously given the go-ahead by Newcastle-under-Lyme Borough Council.
East Midlands property features
In theory, Nottingham is perfectly placed to attract investment and jobs from the overheated south, but the reality is that both have been slow to materialise.
Last year was a successful one for the Leicestershire property market. According to data from Midlands-based commercial property agency Innes England, all sectors experienced healthy take-up. But it was industrial that performed “outstandingly”.