The Unity Square development in Queensbridge Road will comprise two buildings totalling 62,022 sq m of office space.
HMRC has entered into a 25-year lease on the development, which is being forward funded by Legal & General and developed by Sladen Estates and Peveril Securities.
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Nick Sladen, chief executive of Sladen Estates said: "Today marks the important first step in what is an incredibly significant development – both for HMRC and for the East Midlands.
"We're incredibly proud to be developing Grade A office space in Nottingham, as this is something the city has been lacking for some time. The Southside of the city is undergoing a huge transformation and the offices here will complement this next phase of Nottingham's evolving skyline."
When complete, the space will house more than 4,000 HMRC colleagues, making it one of the company's largest regional offices.
Phase one of the development is scheduled for completion in summer 2021.
(CM/JG)
