Homes England has agreed to purchase the Broad Marsh regeneration site from Nottingham City Council. 

The government’s housing and regeneration agency will acquire the council’s land ownership of the former shopping centre, land to the west of the Green Heart, a multi-storey car park, Severns House and a former college site. 

The next stage of development will include de-risking of the site, such as demolition and enabling works, to attract private sector developers with the necessary credentials and proven track record to deliver transformational, exemplar city centre projects. 

The development of the site will bring forward around 1,000 homes, up to 20,000sq m of retail, office and community spaces and create around 2,000 full-time jobs.

Eamonn Boylan, chief executive of Homes England, said: “The acquisition of Broad Marsh is a major milestone in the city council’s vision of regeneration for this area of Nottingham. 

“We have worked closely with the council since 2022 to provide professional advice and support.

“Now that we have acquired the site, our teams will be working with partners to attract the right developer to deliver the new homes, employment spaces and leisure facilities necessary to create a vibrant city centre neighbourhood that the people of Nottingham can be proud of.”

Developments already made at the site include establishing a new Nottingham College hub, the opening of the Central Library, Broad Marsh bus station, car park, and, most recently, the completion of the Green Heart public realm. 

Neghat Khan, leader of Nottingham City Council, said: “This is really positive news for Nottingham and marks the start of a major redevelopment for this key part of our city. 

“We know that people have wanted to see progress here for a long time and we understand that it has been a frustration for some that this hasn’t happened. 

“We’re excited by the plans that Homes England has, and we look forward to working closely with them to bring these to fruition.”

The project will also benefit from investment by the East Midlands Combined County Authority (EMCCA).