St. Modwen has secured a resolution to grant outline planning permission from Derby City Council for a 70-acre site on Wyvern Way, adjacent to Pride Park, after submitting a revised proposal in conjunction with landowners Network Rail.
The developer’s £80 million scheme, formerly known as Derby Triangle, will consist of up to 650,000 sq ft of industrial and logistics space.
Site works will commence on what will be known as St. Modwen Park Derby 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.
The approved application is a revised version of a previous submission made in 2014, which was also backed by Network Rail. St. Modwen’s plans are testament to its commitment to develop a high-quality portfolio of industrial and logistics schemes, following the launch of its dedicated St. Modwen Industrial & Logistics business division in 2019.
St. Modwen Park Derby is situated adjacent to the soon to be completed A52 Wyvern Transport Improvement Scheme, which will provide future occupiers with quick access to the A50 and Junction 25 of the M1.
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.”
Stuart Kirkwood, Development Director at Network Rail Property, added:
“St. Modwen Park Derby is perfectly situated for regeneration. What was once wasteland, will become home to a significant number of employment opportunities for local people and as landowners we are proudly supportive of this.”
Nick Hosking, Director at Innes England, joint marketing agents for the site alongside Savills Birmingham, added:
“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 given its immediate access onto the A52, directly connecting the site to Junction 25 of the M1.”
Paul Hill of RPS managed the planning application for St. Modwen.
For more information, please visit www.stmodwenlogistics.co.uk.