Inspiring Business by Sharing Success

£80m city scheme approved

The green light has been given by Bondholder Derby City Council for an £80m mixed-use development scheme adjoining Pride Park, to be called St Modwen Park Derby.

The 70-acre site will include 650,000 sq ft of industrial and logistics space for a flexible mix of uses, with Bondholder Innes England acting as joint agent for the site.

Nick Hosking, Director at Innes England, said:

“With St. Modwen’s track record of delivering high-quality and well-located logistics schemes, it is great news for both Derby and the wider region that the local authority granted planning permission to transform such a key employment site. St. Modwen Park Derby will prove an attractive proposition to a wealth of businesses due to its immediate access onto the A52, directly connecting the site to Junction 25 of the M1.”

A revised proposal in conjunction with landowners Network Rail for the scheme in Wyvern Way, formerly known as Derby Triangle, was voted through by the planning committee of Bondholder Derby City Council, at a meeting on Thursday 9 January.

A council document published ahead of the meeting said:

"The proposals will introduce further employment uses within an established commercial and retail area and therefore are considered to be complimentary to the surroundings of Pride Park, Wyvern Way Retail Park and Wyvern Business Park."

Site works will commence this year, with the developer preparing to submit plans for its first phase shortly. The initial units are expected to be ready for occupation in early 2021. Once the entire scheme has been delivered, it could bring upwards of 1,250 jobs to the immediate area.

Rob Richardson, Senior Development Manager at St. Modwen Industrial & Logistics, said:

“This is a positive start to the New Year for us. Together with Network Rail, we look forward to bringing forward such a high-profile and well-located scheme, which will meet East Midlands businesses’ needs for high-quality space and bring new and skilled jobs to the city.

"We are pleased to have the support of Derby City Council who recognise the site’s potential and the undeniable boost the development will give to the regional economy.”

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