Nottingham City Council announces the sale of the 20-acre Broad Marsh development site in Nottingham city centre.
Councillor Neghat Khan, Leader of Nottingham City Council, said: “We’ve spent many months negotiating the sale of the Broad Marsh site, so it’s really positive news to see it coming to Executive Board next week.
“It remains a key development opportunity for Nottingham and this deal, if approved, means that the council is able to secure a significant capital receipt for the land but, crucially, remain involved in helping to shape its future.
“The proposed buyer has ambitious plans for more than 1,000 homes, significant retail, office and community space, as well as the creation of around 2,000 jobs for local people. We will work alongside them to support this project, which would be complemented by the NHS community diagnostic centre at the foot of Lister Gate next year.
“We understand that the delayed development of Broad Marsh has been a frustration for many since the part-demolished shopping centre was suddenly handed back to the council in 2020 following the collapse of intu.
Listergate’s tree-lined avenue from Broad Marsh area
“It did, however, give us a once-in-a-generation opportunity to completely rethink the way the space was used – and we thank everyone who took the time to contribute to our Big Conversation consultation with their ideas.
“This deal, combined with all the recent council improvements including a new Central Library and outdoor play area, new Broad Marsh bus station and car park, work to open up Sussex Street outside the college and the fantastic Green Heart, would further enhance a key gateway into our city.”
