500 jobs on the way as developer commits to huge speculative scheme

How Derby 515 will look

Some 500 jobs look set to be created in Derby after developer Panattoni revealed plans to speculatively develop 515,000 sq ft in the city.

The developer is set to begin on the site this month with the Derby 515 warehouse on Derby Commercial Park. At 514,193 sq ft, it is set to be one of the largest single-unit speculative developments under construction in the country, ahead of the Panattoni Wakefield development of 512,850 sq ft.

The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park, on Raynesway, two miles east of the city. It is already home to the speculatively built Derby 370 unit, which has recently been let to Alloga UK on a 15-year lease term.

Derby 515 is expected to complete Q4 2021, with the potential for around 500 jobs to be created.

Panattoni has also announced a new design to its portfolio which enables the buildings to be split to accommodate two operations. Derby 515 has been designed with a flexible envelope to accommodate a cross-split option, allowing the building to be sub-divided down its length for two occupiers. The cross-split will form two self-contained units of 226,497 sq ft and 287,416 sq ft. Each would have 28 dock doors, 4 level access doors, a secure self-contained yard, a car park and own gatehouse.

Andy Preston, development manager for Panattoni Derby 515 said: “The new warehouse will be built to our normal high specifications offering flexibility and energy cost savings to occupiers. This will be one of the largest single-unit spec builds in the country and will benefit from being in one of the UK’s centres for advanced manufacturing and logistics.”

Recent deals on Derby Commercial Park include Kuehne + Nagel’s decision to locate a 632,000 sq ft logistics unit for Drinkflow Logistics for Heineken and the 250,000 sq ft XPO logistics unit for Ted Baker.

Other big-name occupiers in the area include Rolls-Royce and Bombardier, and many of their key suppliers.

The letting agents are Avison Young, CBRE and Burbage Realty.

Click here to sign up to receive our new South West business news...
Close