Irwin Mitchell Advises On East Midlands Airport Property Deal
Litton Property Group has announced a joint venture with motorway service company, Moto, to develop a 3.9 acre site in one of the most connected sites in the East Midlands.
Located at junction 24 of the M1 and adjacent to East Midlands Airport in the heart of the Derby, Nottingham and Leicester triangle, EM Point is available for immediate development.
The site, which is opposite Donington Park Motorway Services, is being a marketed as a bespoke design and build opportunity for the purposes of either Grade A self-contained office space, a showroom, an 80 bedroomed hotel, or 40,000 sq ft of industrial space.
Richard Squire, Development Director at Litton Property Group, said: “We are excited to be bringing forward plans for contemporary designs that will be seen by all traffic on the M1 and most traffic approaching the airport. Positive consultation is progressing with North West Leicestershire District Council and The Leicester and Leicestershire Enterprise Partnership.
Mark Franks, Estate Manager at Moto Hospitality Ltd, said: “Moto Hospitality are delighted to partner with Litton Properties on this key site on Junction 23a of the M1. We believe it offers tremendous scope for a bespoke development that will have superb communication links and offer the ability to provide unique designs.”
Based in Derbyshire, the Litton Property Group is a property development and investment group. Operating from Lumford Mill in Bakewell, the company is this year celebrating its 20th anniversary and is experienced in property development across a range of sectors including retail and leisure.
Law firm Irwin Mitchell has advised Litton Property Group on the deal. James Knowles, an Associate in the Real Estate team at Irwin Mitchell in Leeds, said:
Expert Opinion“EM Point is a prestigious development site which is highly visible from the M1 motorway and also has excellent bus and rail links to what is an established and connected business location. We are delighted to be involved in what is an exciting joint venture and look forward to seeing how the site is developed in the future.” James Knowles - Partner