| east midlands
CHESTERFIELD – A COMMERCIAL PROPERTY HOTSPOT
results of annual job survey at its flagship industrial park, Markham Vale, which has revealed that 1076 people are now employed full time there. Markham Vale has attracted a number
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of big names to the borough, including Great Bear Distribution, Squadron Medical, Ready Egg and Meter Provida, making it a commercial property hot spot in recent years. Companies are keen to invest in
Chesterfield because of its prime location on the M1, excellent transport links, and availability of a skilled workforce. Further jobs will also come on board
later this year when Ferdinand Bilstein, a world leading specialist in the automotive aftermarket, opens its new state-of-the-art distribution centre on the northern plot of Markham Vale where the company will be creating 200 new jobs. As well as the site’s location, businesses
have been attracted to Markham Vale by a number of financial incentives, including the 100% Capital Allowance relief available in only a limited number of locations across the UK.
MOTOR TRADE DEAL DONE IN DERBY
F
ollowing a comprehensive marketing campaign, FHP Property Consultants
have concluded the letting of a prominent industrial building in Derby to Vertu Motors. The building extends to just over
6,000 sq.ft, situated in a very popular car sales location, with nearby dealerships including Honda, Nissan, Skoda, Fiat, Volvo and Toyota, together with independent outlets. Vertu Motors have acquired the unit to run as a vehicle preparation and valeting centre serving their dealerships in the surrounding area. FHP Property Consultants acted on
behalf of a private client. Tim Richardson from FHP Property
Consultants comments: “We had lots of interest in this property but we are pleased to have worked with Vertu Motors in the end securing a long term lease to an excellent covenant. Vertu are expending in the area and needed to relocate one of their facilities in which we were able to accommodate at this building.” Vertu Motors were represented by Gavin Black and Partners.
22 Dominic Stevens, Manager of the
town’s inward investment campaign Destination Chesterfield commented: “Markham Vale is going from strength to strength and continues to attract new businesses to the area with its superior commercial property offering.” For details of available commercial
property opportunities in and around Chesterfield contact Chesterfield Borough Council’s Economic Development Unit on 01246 345 255 or email:
claire.cunningham@
chesterfield.gov.uk
hesterfield’s commercial property scene has been further boosted by
Markham Vale is also part of one of the
UK’s biggest Enterprise Zones benefitting from a £14.2m Government grant awarded through the Sheffield City Region Local Enterprise Partnership (LEP).
RETAIL REVIVAL I
n South Derbyshire District Council since the economic downturn, retailing
in the Derbyshire town of Swadlincote has seen a dramatic improvement in fortunes. With high levels of housebuilding, a booming population and very low unemployment, the town has seen vacant retail floorspace fall by two thirds over the last five years. Today there is only one large vacant
unit in the town available through Agents CSP – formerly a Brantano store, the unit occupies a prime site next to Argos at The Pipeworks, a mixed use development that also includes an Odeon cinema. The complex encompasses a number of refurbished heritage buildings, with only the ‘Chimney Building’ adjacent to Prezzo and Costa remaining to let with Innes England. The Swadlincote Townscape Heritage
Scheme has allowed continued investment in the town’s historic buildings and shop fronts. Just a handful of smaller units are now available in the town centre, where there is an attractive mix of high street names and thriving independents. Meanwhile, the Swadlincote Town Team group has brought together retailers to promote the vitality of the centre, undertaking promotion and business support.
POST ELECTION VIEW by Tim Richardson at FHP Property Consultants O
pportunities, softer Brexit, shift in policy agenda, and extraordinary;
these are all words which have been in the headlines over the last few days. Whilst it is indeed a completely self-inflicted shambles by the government, the market keeps moving, the phones keep ringing and the local economy has not changed overnight. Fundamentally we still have good requirements in the market and a shortage of stock in both the commercial and residential sectors. Brexit negotiations are imminent and a softer stance would be welcomed by many in business, particularly in a City such as Derby with a high level of exports. These are still exciting times in Derby.
Substantial development opportunities are coming forward such as Becket Well, Assembly Rooms, DRI, North Riverside. The retail and leisure sector is going strong, with Intu attracting brands such as Carluccios, Cath Kidston, Goldsmiths, Hollywood Bowl and Paradise Island Adventure Golf opening in the Centre. The revival of St Peter’s Quarter continues helped by the City Council committing to public realm improvements, with the aid of funds from the D2N2 Local Enterprise Partnership. No doubt this will have
assisted in the decision of TK Maxx to return to the City Centre, committing to 22,000 sq.ft on Albion Street. The popularity of the Connect Derby
incubator scheme and serviced offices is testament to the entrepreneurship and creativity within the City and the challenge going forward is having suitable space to accommodate these growing businesses. With Pride Park office stock effectively full and an acute shortage of any grade A stock at all in the City Centre, new build or high quality refurbishment will be essential to the ongoing prosperity of the City. Everybody has heard of Rolls-Royce, Toyota and Bombardier, but every week I deal with some of the many businesses on industrial estates and business parks around Derby doing cutting edge work ranging from making aerofoils for Formula 1 cars, to software for train systems to testing the latest power generation prototypes. It is this wealth of talent that helps keep the local industrial and office market moving and they seek top quality buildings, which are increasingly in short supply. In the past we have seen some of these businesses migrate to outlying towns along the M1 or A38 corridors, so the City needs to continue its focus on retaining such companies.
COMMERCIAL PROPERTY MONTHLY 2017
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