Commercial Estates Group (CEG) and property developer HBD have submitted a detailed planning application for circa 412,745 sq. ft. (38,345 sq. m.) of employment space on a 12ha site to the south-east of Penniment Farm, close to Mansfield.
The site is allocated within the Mansfield District Council Local Plan for residential and employment use, with homes already under delivery. This full application will see a range of new commercial space, including light industrial, storage and distribution, all set within attractive new woodland and green spaces.
The development is expected to create over 500 new jobs, including distribution, skilled and semi-skilled light industrial roles, along with training and apprenticeship opportunities throughout its construction.
The site lies midway between Sheffield and Nottingham and offers easy access onto the M1 motorway from J28 or J29, with direct access from the A617, the Mansfield and Ashfield Regeneration Route (MARR). An extremely well-located site, the high-quality space is likely to appeal to regional, national and inward investing companies for distribution and last mile urban logistics.
Subject to the granting of planning permission, development will commence early next year.
Lawrence Escott, investment manager from CEG, said: “We have worked on the Penniment Farm development for many years and new homes are already being delivered at the site. This significant speculative employment scheme will complement this, creating hundreds of jobs in the local area.
“CEG is actively regenerating two key Midlands employment sites at Vesuvius, Worksop and Vaughan Trading Estate in Tipton. Here we are developing more than a million sq ft of high quality space which, similar to Penniment Farm, is designed to appeal to inward investing companies, trade and industrial occupiers, as well as local businesses. Both have been incredibly successful generating new jobs and economic benefits.”
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