It plans to build 2m sq ft of offices, residential, student accommodation and a variety of leisure and other uses located in a vibrant campus setting.
This will consist of over 900 homes, nearly 700 student flats, and more than 630,000 sq ft of office space and is estimated to have a development value of over £300m.
The linear park, which was formerly Boots, the Chemists’ headquarters and laboratories and has been vacant for 20 years, will include a five-star hotel and shops.
Conygar is working with regeneration specialist Lavignac Securities to deliver the site, which lies between Manvers Street at the bottom of Sneinton and London Road.
Robert Ware, Chief Executive of Conygar said: “We are delighted with the decision of the planning committee which follows a long period of consultation with the Council and other local stakeholders.
“This is a significant step toward the redevelopment of this important site for Nottingham and we will continue to work closely with the Council to bring the scheme forward as soon as possible.”
Full permission will be formally granted upon the signing of a S106 agreement.