KMRE Group, Leeds based developer, has acquired a 1.5 acre site on the banks of the River Trent in Nottingham for prestigious apartments. The site will be called Riverside and it will contain 81 exclusive waterfront apartments and penthouses delivered to a high specification.
The ambitious plans to expand across the Midlands and invest into major cities will see an exclusive residential development, which will form an important part of a revitalised waterside in Nottingham. To help with the scheme, KMRE has appointed Hollycroft Construction to start construction work in the summer on the former Park Yacht Club site. Meanwhile, Nottingham-based estate agent FHP Living will begin marketing the properties immediately.
“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,” said Kam Mogul, managing director of KMRE. “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.”
Richard Watson, director at Colliers International, acted for KMRE on the acquisition, while FHP Property Consultants acted on behalf of the vendor. “We are delighted to welcome KMRE to Nottingham and the Midlands. The prestigious properties will be welcomed by local people looking to buy well-appointed homes close to the city and also the desirable area of West Bridgford and Trent Bridge Cricket Ground,” said Steve Parker from FHP’s residential arm FHP Living.
KMRE received planning permission on the scheme earlier this year and the deal was completed in April. The Riverside development will feature one, two and three bedroom apartments from £165,000 and bespoke interior-designed penthouses from £500,000.