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East Midlands Chamber News

£12m gateway development launched

Eastpoint launchCity councillors were at Eastpoint Retail Park this week to help mark one of the most significant developments in Nottingham for many years.

It will create hundreds of jobs and boost much-needed skills and training for local people.

Work has now started on site at Eastpoint, in Daleside Road, on the outskirts of Sneinton, providing investment for the city, and 200 jobs from construction phase, right through to completion.

The £12m scheme is a catalyst for regeneration in the area and will breathe new life into the eastern gateway of Nottingham, said Peter Gadsby, chairman of Cedar House Investments, which owns the site.

The site is 60%-let with Aldi as the anchor retailer, taking up a 18,200sq ft unit. Costa Coffee and Poundland have also confirmed they will be taking units.

Local ward councillor David Mellen said: “I welcome this initiative to provide better shopping opportunities for the residents of Sneinton later this year.”

Local building contractor Radleigh Construction is already on site. The company will create 40 jobs for local people throughout the duration of the 12-month build. The project will help to develop education, skills and training for local people.

Coun Nick McDonald, Nottingham City Council’s portfolio holder for jobs and growth, said: “This scheme is significant, not least because it will catalyse our wider plans for this area of the city. What is most pleasing is that 100 jobs have already been filled by Nottingham people with another 100 to be filled before Christmas.”

Joint agents JLL & FHP are marketing the remainder of the Eastpoint site.