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News Release

Nottingham

Jones Lang LaSalle appointed on Chapel Quarter


Nottingham, May 10, 2012 - Jones Lang LaSalle has been appointed joint marketing agents of the prestigious Chapel Quarter mixed use development, situated in the heart of Nottingham City Centre.

Recently purchased by a new joint venture set up by Stainton, together with a group of Kuwaiti Investors, Chapel Quarter is a 145,000 sq ft prime mixed-use scheme comprising four floors of offices, six retail units and a 120 bed Holiday Inn Express hotel.

The property is let to tenants including Thomson Reuters, Barclays and Global Radio with the retail units let to ASK, Mr Mans, Fat Cat CAFÉ, Las Iguanas. 

The scheme is 91% let with 13,468 sq ft of vacant space currently available over ground and first floors, capable of being linked internally and requirements from 5,705 sq ft can be accommodated.

Part of the space is presently fitted out as ‘Grade A’ offices with the remainder capable of being fitted out the same in a very short timescale.  Alternatively, be it retail or leisure, the space can be easily and quickly altered to suit an occupiers needs.

James Keeton of Jones Lang LaSalle, who jointly markets the scheme with FHP Property Consultants commented:
 
‘Chapel Quarter is the city’s prime and most prominent mixed use development. Following its acquisition, the owners are planning a refurbishment of the reception area and exterior of the building to improve the overall image of the building.

“We already have an excellent profile of tenants and the vacant space offers some of the best space in the city, being highly prominent and flexible in design. The floors can be combined or split and the ground floor is capable of being self-contained with independent access direct from Maid Marian Way, combined with a highly prominent glazed frontage offering the ideal marketing platform for an occupier.

“With the limited availability of high quality space in the Central Business District, we are already engaged with potential occupiers and hope to achieve 100% occupancy in the near future.”