Homes England have purchased the site of Broad Marsh in Nottingham city centre
The Nottingham regeneration site has been bought from Nottingham City Council, and contains an old shopping centre.
The land also includes an area to the west of the Green Heart, a multi-storey car park, Severns House, and an old former college site.
The Nottingham regeneration site will now undergo derisking and enabling works
The sites will undergo demolition work and other preparatory works in order to allow private sector developers to be able to take on work on the sites.
The intended projects include 1,000 homes, 20,000 sq m of retail, office, and community spaces, and around 2,000 full-time jobs.
Broad Marsh has already seen some regeneration work by Nottingham City Council, such as the Nottingham College hub, the Central Library, Broad Marsh bus station, car park, and the Green Heart public realm.
Investment will also come from the East Midlands Combined County Authority, Homes England has said they will work closely with the local council to make sure that Broad Marsh is turned into what the locals envision. Residents, partners, and stakeholders will also be able to voice their opinion.
Nottingham has also recently been announced new homes through Network Rail’s new property company.
Writing for PBC Today, Edward Jezeph of Homes England discussed the use of MMC and the changing culture around housing projects undertaken by Homes England.
“An investment into the future of Nottingham”
Eamonn Boylan, chief executive of Homes England, said: “The acquisition of Broad Marsh is a major milestone in the city council’s vision of regeneration for this area of Nottingham.
“We have worked closely with the council since 2022 to provide professional advice and support. Now that we have acquired the site, our teams will be working with partners to attract the right developer to deliver the new homes, employment spaces and leisure facilities necessary to create a vibrant city centre neighbourhood that the people of Nottingham can be proud of.”
Councillor Neghat Khan, leader of Nottingham City Council, said: “It’s great to finally reveal the name of the buyer for such an important site. I have confidence in Homes England and the work they have already delivered across the country.
“This is really positive news for Nottingham and marks the start of a major redevelopment for this key part of our city.
“We know that people have wanted to see progress here for a long time and we understand that it has been a frustration for some that this hasn’t happened.
“We’re excited by the plans that Homes England has, and we look forward to working closely with them to bring these to fruition.”
The mayor of the East Midlands, Claire Ward, said: “Homes England’s purchase of Broad Marsh is an investment into the future of Nottingham – a future that the people of Nottingham have been asking for and the city council has been pushing for, which can now be realised.
“As the Mayor of the East Midlands, I have been pleased to lead EMCCA into investing its resources so that this purchase could occur. This is exactly what the region expected when it chose to have a directly elected Mayor, and EMCCA will continue to work closely with Homes England as they transform the area.”
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