Construction begins at Markham Vale commercial units
Construction has started at a new commercial development at Markham Vale.
Planning permission was granted just before Christmas for 13 ‘adaptable’ units ranging from 1,200 to 3,050 sq ft.
Sheffield-based Fernie Greaves & CPP, which have been appointed to market new buildings, said the development would help address the “chronic shortage of supply” in the market.
Property developer Priority Space, in a joint venture with Hunt Group, have appointed Scunthorpe-based construction firm Britcon as main contractor.
The units are forecast to be ready for occupation from July this year.
Lee Buchanan, development manager at Priority Space, said: “The start of construction is a great milestone for the scheme – especially so soon after planning was granted.
“It is a significant speculative development in response to strong levels of demand in the area which reinforces our confidence in the potential of the Markham Vale site and the strength of the local economy.”
Tim Bottrill, director at Fernie Greaves, said: “We are delighted to have been appointed agents for this high-quality, flagship Derbyshire Business Park. Delivery of this scheme addresses a real shortage in the market of high quality starter units, especially ones available to buy, and indeed we are already speaking to a number of interested parties.”
Markham Vale already includes occupiers Gould Alloys, Inspirepac, Meter Provida and Great Bear already committed to large scale warehousing and distribution facilities on the 200 acre park.
