Irwin Mitchell Advises On Mixed-Use Residential Development Deal
The Real Estate team at law firm Irwin Mitchell has advised national property developer, Godwin Developments, on its purchase of Nottingham’s former Royal Mail sorting office.
Godwin has entered into an agreement to purchase the site from Emma Property Management Ltd headed by Nottingham property developer Ken Grundy.
The new owner of the site plans to demolish the existing building and transform it into a large mixed-use residential development.
It says the scheme would create around 300 jobs during construction – and 40 full-time positions when fully operational.
A planning application will be lodged with Nottingham City Council in the next two to three months and the business will start on site in the next 18 to 24 months.
Stephen Pratt, group land director for Godwin Developments said:
“We are truly excited about the opportunity to breathe new life into this iconic and historical building within Nottingham city centre, which has been prime for redevelopment since the former Royal Mail office closed in 2002.
“The scheme will provide much-needed brand new residential units in the city, which is in the midst of a £2 billion construction boom.
“We intend to take the development forward quickly, and will work closely with local planners, the community and the council to ensure it provides the best possible opportunities for Nottingham.”
Ben Acheson, Real Estate partner at Irwin Mitchell, led the team advising Godwin Developments.
Irwin Mitchell also recently advised Godwin Developments on its purchase of a one-acre site in Sheffield as part of its plans to create a residential build to rent scheme within the city centre.