The Boots Enterprise ZoneNottingham

OpportunityThe Boots Enterprise Zone has opportunities for commercial and residential development, and seeks investment and development proposals including equity, debt and forward funding investment for identified occupiers.

The site offers a unique opportunity to co-locate next to one of the World’s leading brands, The Walgreens Boots Alliance. The driver is to secure new occupiers and end-users through flexible investment structures. A new housing development on the site will provide an unprecedented place to live, work and play.

Project Promoter:

Walgreens Boots Alliance

Scale:

£100m+ GDV

Sector:

Mixed use

Location:

Close to Nottingham City Centre

Investment Type:

Equity, debt and forward funding investment for identified occupiers

Planning Status:

Outline permission granted

Overview

Background

Boots has a long and illustrious history with Nottingham – since humble beginnings when John Boot opened a store in the City in 1849. The current 279 acre site was purchased in 1927 to expand the business. The promoter Walgreens Boots Alliance are looking to share their values to help encourage healthier and happier lives across the world.

The Boots Enterprise Zone project involves the redevelopment of c. 35 hectares of surplus land at the Boots site to create a centre of Health, Wellbeing and Beauty. Outline Planning Consent was granted in December 2014 for 82,000 sqm of commercial space. In addition there are plans to build up to 675 residential units, creating a new urban village on the site.

Project Description

The site sits on the border of Nottingham City and Broxtowe Borough - approximately 3 miles to the West of Nottingham city centre. The site offers a unique opportunity to build a complete lifestyle option – live, work, enterprise and innovation all fully integrated in one place.

At present the campus provides a Data Centre, Research and Development Facilities, Manufacturing, Pharmaceutical Wholesale and Logistics functions. The site also houses MediCity – a joint venture with BioCity. MediCity offers the ideal environment for both start-up and established companies to develop. Businesses will not only benefit from BioCity’s experience of successfully growing businesses in specialised incubator environments but also from Boots expertise in the global healthcare sector, including access to innovation and product development knowledge, as well as supply chain expertise. The existing Boots operation will remain on site.

In early 2018 a new road bridge and spine road was completed providing excellent access to the development land. In addition, the site entrance at the Beeston end of the development has also been re-modelled and is now operational. Land has been remediated and advanced talks are taking place with the first housing and commercial delivery partners.

Project Promoter and Partnerships

The project is being promoted by Innes England in partnership with Nottingham City Council and D2N2 Local Enterprise Partnership.

Nottingham