Domestic & General (D&G) has revealed plans to build a new flagship operations hub in Nottingham’s city centre, slated to open in the autumn of 2022.
The company, which focuses on appliance warranties and support, is reorganising its UK property portfolio while adopting a hybrid working model during the COVID-19 pandemic and beyond. It has close to 3,000 employees across 11 international markets.
According to D&G, the plan is expected to generate around £50 million in investments for Nottingham. Its building at 77 Talbot Street has been sold and will be transformed into student housing by 2023. The company also signed a 15-year lease at 11 Station Street, with the property to be transformed into a mixed-use development.
Once completed, the Station Street hub will accommodate up to 1,000 employees. This redevelopment project will be led by Bildurn.
“We want to create a world class operations hub in Nottingham, a city we know very well, and I’m delighted these plans will also unlock some significant new direct investment,” said Nick Ulycz, D&G chief operating officer. “We moved quickly last year to transition all our employees into a position where they can successfully work from home, and they have done a brilliant job serving our clients during the crisis. Their feedback from this experience has allowed us to push ahead with a refresh of our property mix, which will form a key component of our new hybrid working model, and it will allow for people to have a truly flexible work environment.”
Lorraine Baggs, head of investment at Invest in Nottingham, praised the company’s plans, saying it was “a hugely positive” development at a critical time for the British economy.
“D&G is one of this city’s longest standing and largest employers. It regularly recruits from our universities and the local area, bringing quality jobs, career opportunities and local growth,” she said. “We are delighted the company has chosen to establish a flagship piece of its operational infrastructure in the city centre, and Station Street is a prime location.”
Baggs added that the redevelopment of 77 Talbot Street into student accommodation will ease some of the pressure on housing in the city centre.