Network Rail and St Modwen’s Derby Triangle development has been granted outline planning permission.
Located adjacent to Derby’s Pride Park development, the scheme will deliver approximately 780,000 sq ft of offices, warehouses and industrial space as well as a pub, restaurant and car showroom, with links to the existing road and motorway network.
Outline planning consent for the scheme is subject to the completion of a section 106 agreement and section 278 agreement, which are expected to be finalised by the end of August.
Once received, site clearance work is anticipated to start in late 2017, with occupation of the first new commercial spaces expected at the end of 2018/beginning of 2019.
Peter Rudd, development director at St Modwen, said: “We have already received significant interest from potential occupiers and expect this to increase now that progress with planning has been made. There is a lack of new employment space in the city and, in collaboration with Network Rail, we plan to fill this gap, meet occupier demand and create jobs.”
David Biggs, managing director at Network Rail Property, said: “We are working in close collaboration with our development partner St Modwen to progress this ambitious project which promises to deliver thousands of new jobs and provide vital commercial space in Derby. Our partnership approach to unlocking land is something we are replicating across the country to support economic growth and encourage wider regeneration in our towns and cities.”
To send feedback, e-mail amber.rolt@egi.co.uk or tweet @AmberRoltEG or @estatesgazette
