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Top story
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Trent Basin still on course, says Cole
The £350m development of 2,000 homes and apartments at Trent Basin is still on course, despite reports to the contrary, according to Nottingham Regeneration Limited's Marc Cole. Speaking to Insider, Cole said: "We're working hard with ISIS to move the scheme forward. The only thing that's changed is the make-up of the development; we need to use the lull in the market to examine what units will be built. It might be that we need to draw up a new masterplan." The scheme, which has outline planning permission from Nottingham City Council, is a partnership between British Waterways, Emda, Nottingham Regeneration Limited and developer ISIS, which has slashed over 80 per cent off its workload over recent weeks, citing the current market slump as the reason.
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SERT flushed with M&S Toiletries deal
SERT UK, part of Artrade Holdings, a national wholesale distribution business specialising in ambient, household and health and beauty goods, has acquired Wakefield-based M&S Toiletries. SERT, a £75m turnover business, is based at Glaisdale Drive East in Bilborough and employs 35 people. Rick Wilson, corporate finance partner at PKF in Nottingham advised the purchaser on the deal. Other advisers included John Haycox from Lloyds TSB and Andrew Borkowski from law firm Geldards. 
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Derby cuts capital train times
Derby is to benefit from faster train journeys to and from London under a new timetable announced by East Midlands trains. During peak times, trains between Derby and London will be around four minutes quicker in the morning and an average of 14 minutes will be cut from afternoon services. East Midlands Trains has said it wants to speed up services between Sheffield and London, and with the Sheffield trains running through Derby, commuters are set to benefit. Nottingham, however, will miss out on the high speed service, which is launched on 14 December.
Baggeley nets record contract win
Nottinghamshire-based company Baggaley Construction has won a £11.5m contract to build SportPark, a sports management facility at Loughborough University. SportPark will enable national governing bodies to share best practice more easily and access specialist University sports services, including the world-renowned Sports Technology Institute. The deal represents the biggest ever contract win for Baggaley.
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New landmark for Hockley
Planning consent has been gained for a 52,000 sq ft mixed use development at No.1 Hockley. The scheme has been designed by Nottingham-based, Maber Architects, for site owner Cornpath. The development, which was formerly occupied by Berlins nightclub, includes 31,000sq.ft of office accommodation over five floors, with a ground floor local supermarket and basement parking.
Critical deal in Chilwell
NG Nattrass Giles has let a 26,000 sq ft warehouse unit to the training company, Critical Skills, on the popular Eldon Road Trading Estate, Chilwell. Jonathon Seddon, partner at NG Nattrass Giles said: "Despite a slow down in investor demand, occupational demand for industrial units in particular has remained exceptionally buoyant to the extent that we are letting or selling units faster than we are securing new premises to market."
Uplifting move
AFI-Uplift has relocated from Breaston in Derbyshire to the Blenheim Industrial Estate, Bulwell. The access platform supplier has taken 15,550 sq ft and hopes to expand further over the next 12 months. Sean Bremner of Lambert Smith Hampton acted on behalf of AFI-Uplift.
Rapid take-up at Abbey Park
Innes England, acting on behalf of Abbeyfield Estates, has secured four lettings at the Abbey Park industrial/warehouse development in Mansfield. KBB Installations, a subcontractor to B&Q who provide bathroom and kitchen distribution and installation services, has taken Unit 7 totalling 12,835 sq ft on a nine-year lease. Three other lettings between 2,500 and 4,500 sq ft have been undertaken with local businesses Quest Precision Glazing, Spectrum Engineering and Benny's Cabinets.
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Knibbs is Challinors new partner
The Nottingham office of law firm Challinors, which launched last month, has hired Michael Knibbs as a partner to strengthen its local corporate and commercial team. He will work alongside civil and commercial litigation lawyer Jeremy Hale. Knibbs joins from Shacklocks Solicitors, where he was a partner for three years, prior to which he was a senior associate at Eversheds in its Derby and Nottingham offices. Challinors Nottingham team now also includes the firm's head of residential property, Sarah Pottle, who was previously at East Midlands law firm Fraser Brown for 20 years, the last five of which was spent heading up the residential property team.
Blank promotion
Leicester law firm Spearing Waite has promoted corporate and business services solicitor Kate Blank to partner. Blank joined the firm a year ago after six years with solicitors Freeth Cartwright in Leicester. Before that she worked for Birmingham law firm Cobbetts for three years.
James Hampden partner elected as deputy president
Helen Ahluwalia, broking director at Derby-based corporate insurance broker James Hampden has been elected as deputy president of the Nottingham Insurance Institute which covers both Nottinghamshire and Derbyshire.
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Insider UK Investment Forum 2008
After the huge success of last
year’s inaugural event, Insider is heading to London again next month for the Insider UK
Investment Forum 2008. This year’s event is entitled How UK Cities Can Create
Competitive Advantage and will feature an exclusive presentation by Prof Michael
Parkinson on the impact of the credit crunch on UK regeneration
projects. To be held over lunch at the Hotel Andaz in London on 7 November, the forum marks the launch of the
flagship UK Business Insider 2009 title, our guide to the UK regions, and
will feature a panel including Chris Brown, chief executive of Igloo
Regeneration and Ken Shuttleworth, director of Make architects. If you are
interested in attending this event or would like further details please email Helen Power .
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