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Broadway and St Mary’s Gate, Lace Market, Nottingham

Posted: 25th February 2025

THE BRIEF

Client and location: Broadway and St Mary’s Gate, Lace Market, Nottingham

Sector: Mixed use (Historic commercial portfolio)

Services provided: Professional Services: Valuations, Agency & Development: Sales

Challenge: Innes England is proud to work with Spenbeck, a family-run property company renowned for regenerating Nottingham’s Lace Market. For the first time in four decades, Spenbeck brought to market a portfolio of Nottingham’s most historic lace warehouses, including the iconic Birkin Building (2-6 and 8-12 Broadway) and 35-37 St Mary’s Gate.

The Solution

This high-profile project required close collaboration between our Professional Services and Agency & Development teams:

  • Valuation advice: We provided expert valuation advice for the Birkin Building and the wider portfolio, delivering detailed assessments to support Spenbeck’s strategic planning.
  • Disposal strategy: Following the valuation, Spenbeck requested our services as agents to manage the sale of 2-6 Broadway and 35-37 St Mary’s Gate. We developed a tailored disposal strategy, offering the properties individually to meet investor demand.
  • Bringing the Birkin Building to market: As part of our ongoing collaboration, we are now preparing to bring the Birkin Building (8-12 Broadway) back to market as a prime investment opportunity.

The Results

  • Our valuation and sales expertise supported Spenbeck in achieving its objectives for this significant portfolio, with two properties successfully sold and the Birkin Building set to attract new investment as it returns to the market.