PLP has acquired a 65-acre development site at Sherwood Business Park in Nottingham for an undisclosed price.
The 700,000 sq ft PLP Nottingham scheme will comprise three units of 69,000 sq ft, 172,000 sq ft and 459,000 sq ft. Construction will commence in June 2026 with completion targeted for Q3 2027.
Neil Dickinson, chief investment officer at PLP, said: “PLP Nottingham is a prime example of PLP’s investment thesis; prime, immediately deliverable and perfectly tailored product to an undersupplied market and we look forward to delivering the completed scheme next year.”
Hugh Chesterton, development director at PLP, added: “PLP Nottingham will deliver three high quality buildings into one of the UK’s most undersupplied markets. The BREEAM Excellent scheme will be highly attractive to a range of national and regional tenants given its unique adjacency to Junction 27 of the M1 and the urban conurbations of the East Midlands. The scheme will create many new employment opportunities and will represent a substantial investment into the local economy and community.”
PLP was advised by Avison Young and Savills and Oxalis acted for the landowner.
