Plans for huge new warehouse
DOVE VALLEY PARK COULD SEE A NEW ‘BIG SHED’ BUILT ON ‘PREMIER EMPLOYMENT SITE’
A SOUTH Derbyshire business park could see a new huge 190,000 sq ft warehouse built there as formal plans are submitted for the project.
Clowes Developments wants to build on a plot in the centre of the 200-acre Dove Valley Park (DVP) which is just off the A50 at Foston.
Existing tenants on the warehouse and industrial park include JCB Power Systems, Futaba International, Tophat, Truma and Kuehne and Nagel.
Clowes has applied for twophase planning consent for an initial speculatively built unit of up to 150,000 sq ft – with and option to expand that by an additional 40,000 sq ft, Business Live has reported.
The site is being offered on a freehold or leasehold basis.
Clowes Developments director Paul Shanley said: “With over 1,200 people employed on DVP and demand for ‘big sheds’ breaking new records, we are pleased to be going forward with the next development providing flexibility for occupiers in both size and tenure.
“DVP is now a well-established business park attracting household names.
“We are currently negotiating another large deal on the site which will further enhance DVP’S reputation as South Derbyshire’s premier employment site.”
In a joint statement agents Stephen Salloway, director at Salloway Property Consultants and Nick Waddington, director at MWRE said: “Clowes Developments proposal to develop a new 190,000 sq ft unit at DVP addresses the current burgeoning demand for warehouse accommodation.
“DVP’S location is ideal for distribution logistics, with the A50 being known as the “toll-free” M1-M6 link road and being a short distance from the Toyota junction of the A38.
“Furthermore, from a workforce perspective, the site draws from the easily commutable urban areas of Derby, Stoke-on-trent, Burton on Trent, Uttoxeter, Stafford and Lichfield.”
The two-phase application means potential occupiers could take a 150,000 sq ft unit with a large yard which can be expanded onto, or a full 190,000 sq ft unit from day one.
The proposed unit would have 12m eaves, 19 loading docks, twostorey offices and provisions for a hub office.
The agents said: “There is little doubt that this will be well received in the marketplace and subject to planning permission being granted in timely fashion, occupiers will be in a position to take possession of the unit by the end of the year.”
Clowes Developments UK Limited is one of the UK’S biggest privately-owned property investment and development organisations.
In its latest annual accounts, the Derbyshire-based property group recorded a turnover of £116.1 million and an operating profit of £39.3 million for the financial year 2018-19.
That was up from a turnover of £104.9 million and an operating profit of £32.4 million during 201718.
The group holds more than 3,000 acres of land and 15,000 residential plots in 130 development sites across the country, as well as more than 50 office and business parks and several larger mixed-use sites.