IM Properties buys 45-acre development site in Nottingham

Warwickshire-based IM Properties has completed a major acquisition of a 45-acre development site off the M1 in Eastwood, Nottingham. Kevin Ashfield, development manager at IM Properties, said: “This is an important employment site for Nottingham and one of the few development schemes close to the M1 that can take up to one million sq ft of distribution space. There is growing demand for larger design and build requirements due to the lack of available space capable of offering larger buildings. We are intending to implement works to provide the site infrastructure to enable us to deliver a bespoke building within 12 months.” The purchase of this 45 acre site at Eastwood is the first of a number of acquisitions IM Properties is looking to make to expand its portfolio of distribution sites. The property group has £25 million to invest in distribution sites across the UK.