The 400,000 sq ft development, called New Albion Place, will be built in a two-year construction programme by Derbyshire-based Bowmer & Kirkland.

The developers have acquired the freehold and long leasehold interests in a large proportion of the site, including the old Midland Scooter Centre, Chinese supermarket, Albion House and open car parking.

Sladen and Peveril are in conversations with Nottingham City Council about New Albion Place which will kick-start post-Covid regeneration in this important part of the city.

A detailed planning application will be submitted in the autumn, with a view to commencing construction work in 2022.

Ralph Jones, managing director of Peveril Securities, said: “We are in early discussions with a variety of occupiers for more than 250,000 square feet of space and are very excited to bring forward this development.

“For many years Nottingham has needed a dedicated central business district to provide much-needed large floor plate ‘Grade A’ office buildings to retain key employers within the city and stimulate inward investment.

“We believe that this development will complement the proposed open spaces being considered at Broadmarsh and through the renovation of Hanson House and Richmond House, will retain some of the original heritage of the area. It will add to the ongoing transformation on the Carrington Street link between the station and central Nottingham, which has included the recent refurbishment of the City Buildings, the construction of the new library and car park complex, and the ongoing public realm work on Collin Street.”