A major office block in Nottingham could soon become nearly 120 new apartments under plans submitted by developer ALB Group.
Riverleen House, currently owned by Experian, is the latest commercial site earmarked for residential use as part of a city-wide push to ease the UK’s housing shortfall.
The £25 million project would see the landmark building reimagined for residential use with 118 new units.
Experian, which previously occupied the building off Electric Avenue, has been praised for its careful stewardship of the site and the investment in landscaping that has created a green and mature setting – one that will now form the ideal backdrop to city living.
ALB has acquired the site for an undisclosed figure, but it was marketed at £7.5m with FHP Living.
Arran Bailey, managing director at ALB Group, said: “With ambitious housing targets set by the new government, including a pledge to build 1.5 million homes, developments like this are absolutely vital.
“With targets this bold, and a shortage of both viable land and skilled tradespeople, repurposing existing office buildings offers a smart, resource-efficient solution that gets much-needed homes delivered faster.
“We’re proud to be playing our part in this work of transforming office buildings into high-quality homes that suit modern lifestyles. Riverleen House is a perfect example of a site ready to support a real housing need – it’s in a great location, and we have the team and plans in place to deliver homes that local people will love living in, quickly.”
The permitted development application was submitted to Nottingham City Council on Friday. It comes just weeks after East Midlands mayor Claire Ward pledged that the region will “do its bit” to support the new government’s housing goals.
John Morgan, director at Leonard Design Architects, said: “Riverleen House offers a rare combination of convenient, connected living and tranquil calm. It’s on great transport links and close to gyms, supermarkets, the Showcase cinema, and great schools, but it also sits on The Big Track, a 10-mile cycling and walking route.
“The existing courtyard, which has been beautifully taken care of by Experian, is a real gem and will become a communal heart for residents to relax in and enjoy spending time surrounded by greenery.”
