£12 MILLION GATEWAY SCHEME GETS UNDERWAY IN NOTTINGHAM’S EASTPOINT

Retail News

City councillors were on site at Eastpoint Retail Park this week – to help mark one of the most significant developments in Nottingham for many years, which will create hundreds of jobs and boost much-needed skills and training for local people.

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

The £12 million 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 and is one of the region’s leading developers.

He said: “After so many years of this five-acre former Sunlight Laundry site lying derelict, this is a significant landmark that this scheme has started on site. Eastpoint will further facilitate investment in Waterside as this area of the city continues to thrive.

“We know that our retail development, which is anchored by an Aldi food store, is much needed for the people of Sneinton. The three retailers which move in this year will create 100 jobs. Cedar House is already engaged with the city council’s employment hub creating new jobs both during construction and when the scheme is open.

“Cedar House has been able to speculatively build and fund this development through its own resources and is delighted to be driving forward regeneration in the city. We have already attracted Aldi, Poundland and Costa Coffee which will be trading by Christmas. We also have a number of other retailers looking to commit to Eastpoint over the coming months.”

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 is Coun David Mellen said: “For some time, the people of Sneinton have had a need for somewhere to shop for reasonably-priced food. There haven’t been enough opportunities for everyone to shop for food locally at a price which matches the tight budgets within which many families have to manage. 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.”

“The scheme will help form a gateway to the Waterside development area, and along with Blueprint’s £26 million housing scheme located opposite will create a new city community,” added Peter Gadsby, who is responsible for several major developments in Nottingham through his companies – including the 105,000sq.ft. £30 million development called Trinity House built for EOn and the 38-acre NG2 Business Park which has attracted Experian, Speedo and Specsavers.

As part of wider improvements to public space which accompany the development, Cedar House will be contributing to works to be undertaken on the Sneinton Greenway public footpath and cycle way which runs behind the Eastpoint site.

“The combination of the housing scheme and the East Point Gateway sites are the major catalysts needed for the redevelopment and regeneration of this area of Nottingham,” added Peter.

“The scheme has anchored the regeneration of the waterside link between retail and housing,” added Peter. “The scheme is the first major retail development for Nottingham in the last few years, showing the growing confidence which has been shown in Nottingham as a city.”

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