
Quartet of approvals for Hockley Developments

Leicester and Derby lead UK cities for commercial property investment
Leicester and Derby have emerged as top UK cities for commercial property investment in 2025, according to a survey by the Alan Boswell Group. The study ranked 31 major cities based on business closure rates, crime levels, retail sales performance, and rateable property values.
Leicester secured the top spot with a score of 7.06/10, benefiting from retail sales reaching 100.3% of 2019 levels and a modest 3.79% increase in rateable value over five years. The city also reported low crime rates, with only six shoplifting cases and around one non-residential burglary per 1,000 businesses, making it an attractive location for investors.
Derby ranked third with a score of 6.99/10, supported by strong retail sales at 102% of 2019 levels and a low non-residential burglary rate of one per 1,000 businesses. The city’s commercial property market appears stable, with a lower level of empty premises relief (£193,291 per 1,000 businesses) compared to Leicester (£261,469 per 1,000 businesses), suggesting higher occupancy rates.
Both cities offer a favourable environment for commercial property investment, with steady demand and low business closure rates contributing to their strong rankings.
Too Good To Go and CEVA Logistics distribute 100,000 parcels to reduce food waste
Plans for nearly 1,300 homes on East Midlands brownfield sites move a step closer
WBR Group’s industry survey reveals strong opposition to proposed IHT on pensions
Packaging solutions business purchases 78,000 sq ft warehouse
£3m funding confirmed for Nottingham’s Broad Marsh redevelopment
The East Midlands Combined County Authority (EMCCA) has approved £3.39 million to fund the demolition of Nottingham’s Broad Marsh shopping centre, clearing the way for a mixed-use development.
The funding will remove the centre’s remaining concrete frame, with demolition scheduled to begin in July and take a year to complete. Once cleared, the site is set to include up to 1,000 new homes and 20,000 square metres of employment space.
The project, expected to cost £29.3 million in total, aims to attract further public and private investment. Nottingham City Council, which took control of the site in 2020 after former owner Intu collapsed, has faced multiple funding rejections from the previous government.
A new green space opened on part of the site last year, and additional details on the redevelopment plan are expected in the coming weeks. The council hopes to complete the full transformation by 2027.
Transport Made Simple partners with FlixBus UK for network expansion
Transport Made Simple (TMS) has joined FlixBus UK’s network, adding five Yutong GT12 coaches to its long-distance service. The first routes under this partnership will launch in mid-April.
TMS, formerly known as Vectare, has grown significantly since its 2016 launch and now operates a fleet of 200 vehicles. The company will manage the new FlixBus services from its Nottingham depot under the Central Connect division. It also runs school and local bus routes in the East Midlands, Essex, and Hertfordshire.
The partnership aligns with TMS’s strategy of integrating coach and bus services into a broader multimodal transport system. It also follows TMS Group’s recent acquisition of Simonds, a Norfolk-based coach operator with a 96-year history.
Operator appointed at Nottingham apartment scheme
Development of the assets is underway and the portfolio will be delivered by Native Communities’ specialist head office team with experts across the disciplines of Mobilisation, Operational Delivery, Finance, Systems, ESG, Building Performance, Brand & Digital, Leasing, Research, Asset Management & Reporting, Facilities Management, Building Safety and People & Culture.
The schemes are scheduled to complete in 2025 and 2026.
Lloyds Living’s assets operated by Native Communities include British Waterways in Nottingham, a Grade II listed warehouse converted to 95 apartments, developed by H2O Urban. Alec Newton, Director of Origination, Native Communities, said: “We are pleased to announce this new partnership and are greatly looking forward to working with Lloyds Living to create communities that deliver high-levels of satisfaction for their customers.”