NOTTINGHAM Regeneration Limited (NRL) has appointed CB Richard Ellis to carry out the 2009 report on Nottingham’s property market.

CBRE, one of the world’s leading commercial property advisers, is currently working on the Nottingham Property Market Activity Report – and the results will be launched at an event hosted by NRL and Royal Institution of Chartered Surveyors on 20 May in Nottingham.

NRL, the organisation which manages the city’s regeneration areas of Eastside, Southside and Waterside, commissioned the report to find out what sort of changes the city and its wider conurbations can expect over the next few years.

The report will look at various key sectors in the conurbation:  economy; office market; the retail and leisure market; a review of commercial investment and the area as a place to live.

The report will not just take a property activity snapshot of the city centre, but will also look at Nottingham’s conurbations.

Mona Walsh of NRL said: “We have commissioned the report to find out how the area is expected to change in the short term – and in the long term. In the current downturn, Nottingham is still very much ‘open for business’ and our regeneration plans are still forging ahead, and the report will be able to show us how affected Nottingham is by the economic climate.

“We want to identify areas where Nottingham can boost its activity to help deflect the current downturn, and continue to attract big name investors and developers to the city.

“We know that Nottingham is a significant force in the UK economy. This strength in performance is due primarily to the city’s expansion into new, high value added business sectors, as well as its sustained presence as a top retail and leisure destination.”