Commercial Mortgages Nottingham
Castle Quarter Nottingham glass office building on commercial street

Commercial Mortgages Castle Quarter and Broad Marsh

The Castle Quarter and Broad Marsh (NG1) carry the defining Nottingham commercial-mortgage regeneration story from 2025 to 2030. Nottingham Castle reopened in 2021 after a £30M refurbishment, Maid Marian Way carries the prime CBD office corridor, Castle Boulevard runs the hotel and hospitality flank, and the Broad Marsh regeneration (Homes England acquired March 2025) delivers around 1,000 homes plus retail to the south of the city centre. We arrange office investment refinance, hotel refinance, mixed-use refinance and development exit on the Broad Marsh follow-on commercial parcels.

20 active commercial property listings currently tracked in Castle Quarter and Broad Marsh.

The Castle Quarter and Broad Marsh commercial property market

The Castle Quarter regeneration designation covers Nottingham Castle (Norman keep on a Bunter sandstone bluff, the 1875 ducal mansion reopened 2021), Maid Marian Way, Friar Lane and the Castle Boulevard fringe. Maid Marian Way is one of the prime CBD office corridors, with mid-cap office investment running through the £500K to £3M bracket. Castle Boulevard carries the hotel and hospitality flank, supported by Castle-tourism trade and the conference economy.

The Broad Marsh regeneration is the single largest commercial regeneration story in Nottingham 2025 to 2030. Homes England acquired the site in March 2025 for around 1,000 homes plus retail. The new Central Library Nottingham (opened November 2023), Nottingham College City Hub (£58M, opened 2018) and the Green Heart park area flank the site. Nottingham railway station sits immediately to the south. Carrington Street and Station Street carry the station-flank office and hotel stock that benefits most directly from the regeneration uplift.

Commercial mortgage flow splits three ways. Hotels along the Castle Boulevard and Friar Lane corridor route through Shawbrook, Cynergy Bank, OakNorth and the four high-street RM teams (NatWest, Lloyds, Barclays, Santander) on the £2M+ stock. Mixed-use stabilised plots refinance via Shawbrook, InterBay Commercial, Cambridge & Counties and Cynergy Bank on ICR. Development exit on practically-complete Broad Marsh follow-on phases will be one of the highest-volume 2026 to 2028 products. Stamp duty applies at the commercial rates on every freehold commercial purchase.

Recent commercial planning activity at Castle Quarter and Broad Marsh (NG1)

Three live applications anchor the current pipeline. The Broad Marsh regeneration masterplan (Ref 23/01892/PFUL3) on Carrington Street is the canonical mixed-use redevelopment archetype, delivering library, college campus, residential, retail and public realm in the heart of Nottingham CBD. The Castle Quarter regeneration (Ref 24/01568/PFUL3) on Maid Marian Way provides a mixed-use scheme adjacent to Nottingham Castle including residential, retail and F&B accommodation. The Carrington Street office refurbishment (Ref 25/03478/FUL) is a Cat A repositioning supporting CBD office demand adjacent to Broad Marsh. Stamp duty applies at the commercial rates on each acquisition; refinancing is unaffected.

Active commercial property types at Castle Quarter and Broad Marsh

Maid Marian Way office

Mid-cap CBD office investment.

£500K-£3M facility

Castle Boulevard hotel

Hotel investment and refinance.

£1.5M-£6M

Friar Lane / Castle-flank F&B

Restaurant and bar trading-business.

£300K-£1.5M

Broad Marsh follow-on retail

Stabilised retail plots refinance post-PC.

£500K-£3M

Carrington Street / station-flank office

Cat A repositioned office investment.

£500K-£3M

Development exit

PC residential-over-retail exit from senior debt to term.

£1M-£6M

Commercial mortgage products active at Castle Quarter and Broad Marsh

Hotel refinance via trading-business mortgage. Mixed-use stabilised refinance via commercial investment on ICR. Development exit on PC Broad Marsh phases via portfolio refinance or single-asset bridge-to-term. Refurb-to-term on station-flank stock via bridge-to-let.

Owner-occupier

Businesses buying their trading premises, EBITDA cover at 1.3-1.5x, LTV to 75% on bricks.

Commercial investment

Let assets, ICR at 140-160% stressed, LTV typically 65-75%.

Semi-commercial

Shop+flat archetypes, blended ICR ~145%, LTVs to 75% via specialists.

Bridge-to-let

Vacant or value-add acquisitions with refurb / re-let exit onto term mortgage.

Refinancing

Maturing facilities, equity release on stabilised commercial assets, rate-driven switches.

Lender appetite for Castle Quarter hotel, mixed-use and Broad Marsh development exit

Hotels via Shawbrook, Cynergy Bank, OakNorth and the four high-street RM teams (NatWest, Lloyds, Barclays, Santander). Mixed-use stabilised investment via Shawbrook, InterBay Commercial, Cambridge & Counties and Cynergy Bank. Development exit on Broad Marsh PC phases via OakNorth, Cambridge & Counties and Shawbrook on the £2M+ stock. Castle Quarter F&B and licensed-trade via Cynergy Bank and specialist licensed-trade desks. Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter, we do not hold FCA authorisation because the products we arrange are unregulated.

Property types we finance in Castle Quarter and Broad Marsh

Asset classes most active in Castle Quarter and Broad Marsh, each linked to the dedicated finance structure, lender appetite and typical terms for that property type.

Office

Office

LTV: 65–75%

Leisure & hospitality

Leisure & Hospitality

LTV: 60–70%

Mixed-use

Mixed-Use

LTV: 65–75%

Retail

Retail

Investment LTV: 65–75%

Pub & restaurant

Pub & Restaurant

LTV: 60–65%

Semi-commercial

Semi-Commercial

LTV: 70–75%

Castle Quarter and Broad Marsh sold-price data

Live HM Land Registry transaction data for the Castle Quarter and Broad Marsh local authority area. Use this as market evidence when appraising your scheme or testing GDV assumptions.

Median price

£190K

+0% YoY

Transactions (12m)

2,423

Completed sales

New-build share

0.2%

4 new-build sales

New-build premium

+28.9%

vs existing stock

Median price by property type

Detached

£292K

Semi-detached

£210K

Terraced

£170K

Flat / Apartment

£130K

Recent transactions

DatePostcodeAddressTypePrice
25 Feb 2026NG8 1HZ65, BRENDON ROADDetached£349K
25 Feb 2026NG5 5FQ10, RAYMEDE DRIVESemi-detached£140K
23 Feb 2026NG7 2NJ7, HOYLAND AVENUETerraced£210K
20 Feb 2026NG8 1QE175, KENNINGTON ROADTerraced£160K
20 Feb 2026NG8 3SUGOVERNMENT BUILDINGS, CHALFONT DRIVEOther£500K
20 Feb 2026NG5 2LL20, WENTWORTH ROADTerraced£150K
20 Feb 2026NG3 5HJ242, RANSOM ROADTerraced£210K
20 Feb 2026NG8 6LY26, EDGEWAYTerraced£248K

Source: HM Land Registry Price Paid Data, Nottingham City Council. Updated 27 Apr 2026.

Castle Quarter and Broad Marsh commercial mortgage FAQs

Yes via trading-business mortgage on EBITDA. Hotel refinance is one of the most active Castle Quarter products right now, particularly for maturing 5-year fixes from 2020 and 2021. Shawbrook, Cynergy Bank and OakNorth dominate the £2M+ bracket. Typical 60 to 65% LTV at 7.0 to 8.5% pa.
Yes via single-asset development exit or portfolio refinance, depending on structure. Cheaper, longer-term debt to replace senior development funding on practically-complete units inside the Broad Marsh regeneration. OakNorth, Cambridge & Counties and Shawbrook are the most active.
Up to 75% LTV on strong-covenant let stock. Prime Maid Marian Way frontage with national covenant prices at 60 to 65% LTV (~7.0% pa). Secondary Friar Lane assets with secondary covenants typically cap at 70%.
Homes England's March 2025 acquisition of Broad Marsh and the new Central Library and Nottingham College City Hub broaden the lender pool for adjacent station-flank stock and tighten pricing on let assets within the same catchment. Refinancing a Carrington Street or Station Street investment 12 to 24 months after a Broad Marsh follow-on plot completes is a common trigger event.

Other Nottingham Areas We Cover

Nottingham City Centre and Old Market Square

26 active listings

Lace Market and Hockley

18 active listings

The Park and Nottingham Castle

8 active listings

Beeston

12 active listings

West Bridgford

11 active listings

Sneinton and St Anns

9 active listings

Buying or refinancing in Castle Quarter and Broad Marsh?

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