Construction work is well advanced on Nottingham 360, a 361,000 sq ft warehousing and distribution scheme situated just five minutes from Junction 26 of the M1 motorway, as the project moves swiftly towards practical completion in December.
The 16-acre site on Firth Way, Bulwell, was acquired by Premcor Estates and Barwood Capital’s Regional Property Growth Fund IV in August 2021.
Nottingham 360 will be a high-bay logistics/production facility with a warehouse on the ground floor of 328,759 sq ft and additional office space of 32,874 sq ft which includes a hub office to the service yard.
ESG credentials form a key focus for the building design, which will deliver a BREEAM Excellent rating as well as Net Zero in construction, both of which look set to make it a highly sought after occupier location especially given its proximity to the heart of the UK road network and with nearby occupiers which include DHL, DPD, Bestway Wholesale and ASDA.
Eagerly anticipating practical completion in December, director of Premcor Estates, Rob Lane, said:
“Nottingham 360 will be a best-in-class logistics scheme, which we are delighted to be bringing forward with Barwood Capital at a time when there is still robust demand for sustainable, well-located buildings.
“The construction is progressing extremely well with Winvic Construction and we have developed a solid relationship with the Winvic team who are doing a fantastic job. We have invited the most active regional agents and other guests here today so that they can see for themselves the quality of the new building ahead of completion.”
Retained agents for the scheme are Knight Frank (James Clements & Charlie Shephard) and Moriarty & Co.
Commenting on Nottingham 360, James Clements, a partner at Knight Frank and head of the Midlands logistics and industrial occupational agency team, said:
“We are delighted to be marketing such a readily accessible unit with strong ESG credentials and best in class specification which meets the demand from an increasingly selective occupier market. We’re looking forward to completion in December and discussing requirements with interested parties.”
Adam Smith, asset management director at Barwood Capital added: “With a key focus on ESG credentials that will deliver BREEAM Excellent and net zero in construction, Nottingham 360 is ideally located in the heart of the UK road network.”
Premcor was formed in 2018 by directors, Rob Lane and Simon Hawkins. With a track record of successfully matching market demand with investor requirements, Premcor operates throughout the UK and currently has a 2 million sq ft development pipeline.