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News Release

Nottingham

Imperial Tobacco Group puts site up for sale

Significant East Midlands employment land opportunity


NOTTINGHAM, 17th March, 2015 - JLL has been instructed to dispose of a 45-acre manufacturing site in Nottingham, on behalf of the Imperial Tobacco Group PLC. (ITG)

ITG is exiting its operation with a view to the site becoming vacant in 2017.

The prime employment land is prominently positioned at the end of a £150 million upgrade and extension of the A453 delivering a fast dual carriageway link to junction 24 of the M1 and easier access to East Midlands airport.

Matthew Smith lead director of JLL's Nottingham office will work alongside JLL's Client Manager, Mike Henry on the disposal, together with Richard Evans and Cameron Mitchell from its Industrial & Logistics teams.

Richard Evans, JLL Industrial & Logistics director in London said: "The disposal offers both developers and occupiers a rare opportunity to acquire a substantial piece of strategic land in a prime East Midlands position with excellent connectivity."

Employment growth in the region in 2014 outperformed London and South-East. Up to 6000 new jobs are expected to be generated in the East Midlands between now and 2019.

Matthew Smith, lead director for the Nottingham offices of JLL said: "The ITG site is one of the most significant sites to come to the market in the past 20 years and is seen as highly important for the East Midlands economy. It benefits from a rich labour pool on its doorstep and a source of highly educated workers with two major universities serving the area."

JLL has also been appointed by ITG on the disposal of a large factory site in Nantes, France.