Revaluation boost for The Island Quarter development

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Nottingham’s The Island Quarter development has been given a boost after it was revalued at nearly £30m more than cost.

The 36-acre scheme is designed to create a new community in Nottingham once it is fully built out.

Conygar bought The Island Quarter in 2016 and over the last year has submitted three detailed planning applications for the early phase developments.

Two of these have been granted with the third, which includes two hotels, residential apartments and co-working space, expected to be considered by the planning committee at the end of 2021.

Work has now begun on the first phase, which includes a 21,500 sq ft food and beverage-led building that is scheduled to be finished by Easter. It has also started groundworks for a 700-bed student

 link source - The Business Desk

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