News - 21 August 2014


A £10m gateway retail scheme in Nottingham expected to create up to 200 jobs has been given the green light by city planners at the council.

A planning application has been granted for the landmark scheme known as Eastpoint in Daleside Road on the outskirts of Sneinton.

The project by developer Cedar House Investments will transform the former Sunlight Laundry five-acre site.

It has attracted Aldi as the anchor retailer, wit the discount chain taking up a 16,500 sq ft unit. There will be a further 30,000 sq ft of retail space and 5,330 sq ft of ancillary use and restaurants.

Peter Gadsby, D2N2 board member & chairman of Cedar House Investments, said: “We are delighted that this development has been approved. The site, which has been dormant for some years, will further facilitate investment in Waterside.

“The scheme will breathe new life into an area of the city which is in need of investment.”

Joint agents JLL and FHP are marketing the remainder of the retail units and said they were already responding to strong interest.

The development is going to be built in one phase, much of it on a speculative basis.

“The scheme will help form a gateway to the Waterside development area, and along with Blueprint’s £26m housing scheme located opposite, will create a new city community,” Gadsby added

Original Article: Insider Media Ltd.

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