The £60,000 refurbishment has been financed by Mansfield District Council and comes after a consultation with local children earlier this year.
Members of the school council at Heathlands Primary tried out the new equipment on Rainworth Open Space beside Third Avenue on Southwell Road East.
Year 5 teacher Jane Safferley said: “It was lovely - the children were so excited. They had a great play on the equipment and were amazed by it.
“We went down with Year 1-6 children and met the councillors.
“The children said it was ‘awesome.’
“It is really good quality and very sturdy and bright so they are all attracted to it.”
The new equipment is suitable for ages 5-12 years and includes swings, springers, two multi-play climbing frames with slide, roundabout, surfer board, seesaw, musical panels and talk tubes.
The surface of the fenced play area has rubber safety flooring with colourful hop scotch and snakes and ladders.
Litter bins and seats have also been provided.
The new equipment installation follows work done by the Council last year to remove the fence at the front of the park to make it more visible and accessible.
Coun Philip Shields Portfolio Holder for the Environment said: “The previous equipment was old and in a poor state of repair.
He added: “This new equipment will provide children in the area with a modern, high-quality facility that will provide hours of free fun and entertainment.”