Major industrial park gets green light
Plans for 824,000 sq ft of industrial warehouse space on land next to Markham Vale have been given the green light
St Francis Group, with its joint venture partners iSec, has revealed that it will develop five new warehouse developments on the site.
The brownfield site has been unused since the Coalite works closed over a decade ago. Work will now start on the new scheme and occupiers could move from Q2 of 2021.
A second application seeking outline consent for an additional 500,000 sq ft in two units on adjoining land has also been submitted by the developers to North East Derbyshire District Council.
It is also planned to upgrade the surrounding road network with significant improvement works planned for Buttermilk Lane likely to start early next year.
Gareth Williams, development director at St Francis Group said: “It is well documented that there is significant levels of pent up demand across the region and indeed the UK for high quality industrial units as businesses look to expand or relocate.
“A considerable amount of time and effort has gone in to ensuring that this development will meet the very high standards expected by todays occupiers. The units will sit in a high-quality environment only minutes from the M1”.
iSec and St Francis Group have instructed Knight Frank and CBRE as sole joint letting agents.
