DVP 118 – new 118,000sqft distribution unit
Derby based Conder Developments, part of the CWC Group, have obtained a detailed planning consent to build a new 118,000 sq ft speculative high bay distribution warehouse on their Dove Valley Business Park at Foston, 8 miles west of Derby on the A50, M1-M6 link road, with works to commence on site early September.
The £12m project is in response to continuing demand for distribution units with a lack of supply, mainly resulting from very few new build schemes over the last six years. Dove Valley Park is well established with over one million square feet of buildings already occupied by Keuhne & Nagel, JCB, Dairy Crest, Futaba, Myriad Products and Truma, overall employing over 1200 people.
Paul Shanley, MD of Conder commented “this is a major commitment by our Group to DVP and the local economy in developing a state of the art distribution unit. Having researched the market, we believe this to be the ideal size and already have several occupiers requesting details. Construction works commence on site shortly with completion by the end of March 2016”.
Stephen Salloway of joint agents Salloway Property Consultants, believes the move comes at the perfect time. “The market is desperately short of good quality stock, particularly in the warehouse sector. We are experiencing increased numbers of enquiries from logistics companies and on-line retailers looking to improve and grow their distribution networks. Dove Valley Park is exceptionally well located on the A50 and we expect DVP118 to generate significant interest.”
National Government have recognised the importance of the A50 and classified it as a Growth Corridor with major investments planned at Uttoxeter, reducing even further the travel time to the M6 from DVP.
For further details, contact Stephen Salloway on 01332 298000