Castlehouse Construction has started work on a £3.3 million commercial property development at Sherwood Energy Village in Ollerton.
Mark Spencer, MP for Sherwood visited the site launch to show his support for the 32,000 sq ft business and industrial use scheme, which is set to create and safeguard vital jobs in the former coal mining town.
The project will provide 10 business units, comprising between 2,000 and 7,500 sq ft with the opportunity for combined space of up to 13,000 sq ft.
Located opposite Eco Court, the development is planned in three blocks around a central parking and loading area with convenient access to the A614, which leads North to the A1 and South to Nottingham.
Planning approval was granted in April 2016 and Castlehouse is scheduled to complete the build by Spring 2018.
The scheme is backed by a £2.8 million investment from CRT Property Investments, the wholly owned subsidiary of the Coalfields Regeneration Trust, and a further £500,000 from D2N2, the private sector-led Local Enterprise Partnership.
“We are delighted to start work on this significant commercial property development which promises to bring future opportunity and prosperity to a coalfield community by regenerating 2.2 acres of unused land,” said Richard Lumley, Chairman of Leeds-based Castlehouse Construction.
Shaun O’Brien, Property Investment and Development Director, CRT Property Investments, added: “As well as bringing business units that can be accessed by local companies and those that are looking to take the next step into larger commercial and industrial premises, we will see vital jobs in the area protected and created.”