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Student apartment scheme to create 330 jobs
Giving Nottingham a £20m boost, the new student apartment scheme on Station Street has been given the green light by City planners and will be finished by the 2020 academic year.
Vita Group,the accommodation provider, revealed the nine storey building will sit along side Bildburn’s Development which will £19.9m GVA to the local and regional economy, create 330 jobs and 50,000 sq ft of Grade A office space.
Vita Group’s strategic planning director, Michele Steel, said: “Nottingham has been on our radar for some time, with over 50,000 highly achieving students in the city, it’s a no brainer for us. We are so much more than accommodation providers, and want our students to use our contacts and the support we offer to really kick start their careers. We’re looking forward to giving the city’s student community the Vita Student treatment and proving our value in the city.”
£22m Waterside development reveal new images
New images have been released of the £22m Waterside development, former Bridgeford House.The development will be made up of restaurants, offices and high-spec mixed-use luxury apartments.
Designed by Leonard Design and developed by Monk Estates and Harmony Bridge, The Waterside is located between Trent Bridge and Nottingham Forest’s City Ground.
Last November, Sam Monk, managing director at Monk Estates, said: “Leonard Design has delivered a great vision for the scheme, completely reimagining the building while staying true to its character.”
Morgan added: “This scheme is incredibly exciting for us, as it’s an iconic building in the Midlands which is instantly recognisable in such a prominent position coming from Nottingham city centre and will create a unique waterside development.
Images of The Waterside can be seen here.
Global software firm sees profits more than double
Headquartered in Nottingham, global software company Ideagen added almost £10m in revenue and saw profits more than double.
Ideagen signed new deals with the likes of Aston Martin, Citibank, Verizon, Lockheed Martin and Bayer Pharmaceuticals. They also acquired US-based Medforce, adding 300 healthcare customers, IP, recurring revenues and a platform for further growth in North America.
Deals were also extended with SABIC, Danone, Standard Life, HNZ Global and NHS Greater Glasgow and Clyde.
Executive chairman David Hornsby said: "The group's focus this year was on the continuation of our underlying organic growth and strategic transition to a recurring revenue model whilst integrating the four acquisitions made in the previous year."
"We have achieved all of our objectives and have significantly increased the group's global footprint and delivered another set of excellent results. In April the group announced its first US-based acquisition which will further strengthen our North American opportunity."
Innovation hub looking to double its size in the city
Accelerate Places, which was launched in 2016, is drawing plans to double it’s size in the city.
The tech and innovation hub is based in the four storey building on Wollaton Street, the building is occupied by a number of tech businesses such as Oakbrook, Liberis and Bizfitech. There are also scale-ups, new ventures and other businesses run by serial entrepreneurs developing new technology solutions.
Jason Incles, managing director at Accelerate Places, said: "We acquired this building in 2016, invested heavily in transforming it into a destination tailored to the needs of tech and scale-up businesses, and it’s now full of enterprises which range in size from two people to more than 100.
"It’s been great to welcome these businesses and support their growth because they provide all the evidence you need to show that Accelerate Places is a concept that works.
"But their success has left us with a challenge because there is now a pipeline of businesses who would like to join them. On top of that, Blenheim Chalcot’s businesses continue to grow here."
Incles and his team have spent the last few months scouting for a second location in Nottingham, with the search continuing.
To find out more contact a member of our team HERE.
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