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.
Rob Richardson, Senior Development Manager at St. Modwen Industrial & Logistics, said: “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.”