Yorkshire developer KMRE Group is expanding its activity into the Midlands with the acquisition of a 1.5-acre site on the banks of the River Trent in Nottingham for apartments.
Leeds-based KMRE has purchased the site, which will be called Riverside, to create 81 waterfront apartments and penthouses delivered to a high specification. The move is part of the developer’s plans to expand its portfolio across the Midlands and invest into major cities.
KMRE has appointed Hollycroft Construction to start building in the summer on the former Park Yacht Club site. Nottingham-based estate agent FHP Living will be begin marketing the properties immediately.
The residential development is located adjacent to Blueprint’s Trent Basin development, near to the well-established River Crescent apartment scheme and will form an important part of a revitalised waterside in this area of Nottingham.
Kam Mogul, Managing Director of KMRE, said: “As a Leeds based developer we have a strong desire to deliver renowned schemes into the city we know and love – and our expertise has brought success. The renaissance of Leeds over the last decade has gathered pace and we are proud to be part of that.
“We have delivered residential schemes all over Yorkshire and we are now looking further afield to create high end living accommodation. Our sights were set on Nottingham when we saw the huge potential for waterfront living in the city.
“We have many years’ experience of delivering great apartments and housing and we are keen to show the people of Nottingham the kind of homes of exceptional quality we have in store. The development is ideal for investors looking for a strong return on investment in a fantastic waterside location.”
Planning was acquired on the scheme earlier this year and the deal completed in April. KMRE’s Riverside development will feature one-, two- and three-bedroom apartments as well as bespoke interior-designed penthouses.