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by Henry Boot Developments
NOTTINGHAM, 13 June 2017 – JLL's Nottingham and London offices have handled the disposal of the Imperial Tobaco site on Thane Road Nottingham. The acquistion by Henry Boot Developments will create hundreds of new jobs as the national development company plans to redevelop the site following the end of cigarette manufacturing at the Horizon Factory in 2016 and its subsequent sale by Imperial's parent company, Imperial Brands. The well-known 48-acre landlmark site has been home to Imperial Tobacco's UK production and distribution facility since the late 1960's. Following its purchase by Henry Boot Developments, Imperial Tobacco will remain in occupation on part of the site, with the remainder of the site being brought forward for redevelopment. Henry Boot is involved in several projects in the Midlands, with £600m worth of schemes being brought forward nationally over the next 24 months. Its current projects range from employment parks, such as Markham Vale at junction 29a on the M1 in Derbyshire, to retail park developments including its Belgrave Road scheme in Leicester. The Thane Road acquisition is the company's first project in Nottingham since its 2007 redevelopment of the former Co-op on Upper Parliament Street. Following the Horizon factory purchase, the company expects to announce other significant developments in the Nottingham area in the near future. Justin Sheldon, Regional Manager at Henry Boot Developments said: "Nottingham's Imperial Tobacco site provides a superb opportunity for Henry Boot Developments in our continued expansion within the Midlands. We've worked closely with Imperial Brands and disposal agent, JLL, to maximise value whilst maintaining Imperial's retained operational requirements on the site."
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