Nottingham developer swoops for Derby mill building

Nottingham-based ALB Group has bought the former Osmaston Works building, at Osmaston Road Business Park, in Derby.

Although ALB is well-known for converting mills and other commercial and business buildings into apartments, bosses at the company say they will keep the building’s use as commercial for the foreseeable future.

However, that doesn’t rule out scope for eventual development, they say.

The building, which was built in 1896, is currently fully let and includes offices, as well as storage facilities and a private members’ club.

ALB managing director Arran Bailey said: “It is fantastic for us to be able to take on this thriving, characterful building.

“What attracted us to the building was the potential for future uses, its features and the fact it’s in a desirable location close to the centre of Derby.

“It is ideally placed for links to Derby and major roads like the A52, M1 and A6.”

The 41,000 sq ft four-storey building was bought for an undisclosed sum.