Construction Commences of Derby 507
Posted: Wed, 12 Jun 2024 15:02
Up to 1000 new jobs to be created in Derby, as construction begins of a new logistics building, Derby 507, at Infinity Park Derby.
The site will offer over 500,000 sq ft of premium warehouse space with a significant number of jobs generated both during the construction phase, and when the building is complete, with the potential to bring economic investment to Derby and the local communities.
A new link road will also be constructed connecting Infinity Park Derby to a new dedicated junction on the A50, further improving connectivity and access to the site. Works are due to start in 2025.
Infinity Park Derby LLP are delivering Derby 507, which is being funded by Logicor. The building will be delivered to BREEAM 'Excellent' and an EPC rating of 'A' status. Sustainable features, including a 501kWp roof-mounted solar photovoltaic (PV) system, will offer significant savings for customers looking to reduce electricity costs and minimise their carbon footprint.
The construction will also deliver 17% biodiversity net gain (National England target is 10%), offer secure cycle storage and EV storage for both cars and HGVs.
Derby 507 is located on Infinity Park Derby, a 100-acre development with Enterprise Zone Status (EZS). Enterprise Zone Status brings numerous benefits to site occupiers, such as future initiatives being supported by the recycling of business rates growth from within the zone.
The site is close to the key national motorway network, with easy access to the A50, M1 and M6. Over 45 million people are within a three-hour drive of this location – making it an ideal site for distribution operations.
This sought after location will allow for important access to the vast talent pool in Derby, where the transportation and storage industry employs 4.4% of the city's employed population (ONS, 2022).Nick Richardson, Managing Director at Wilson Bowden said, "We are delighted to be working in partnership with Logicor, to deliver Derby 507. The main build contract has now been awarded to Bowmer & Kirkland, who successfully oversaw the adjacent Oregon Timber Frame development for us. Our focus is ensuring that the scheme is delivered on time, in budget and a high-quality product is ultimately produced.
As well as constructing Derby 507, the project will also see the acceleration of a large proportion of the new link road being delivered through our Infinity Park Derby development. The remainder of the works, including a new junction onto the A50, should commence next year and improve the existing access arrangements for Infinity Park as a whole, as well as opening up the wider South Derby Growth Zone area, benefitting from a further 3.5M sq ft of employment space coming forward."
Charlie Howard, Managing Director, UK at Logicor commented, "We know there is local and national need for high quality, sustainably built logistics real estate in order to meet consumer demand – driven largely by ecommerce.
"Derby 507 will play its part in meeting that need. It has the potential to support over 1000 jobs in Derby as well as real time improvements to the surrounding road network with the new link road bypassing the main city area.
"Located within the Derby Enterprise Zone and so close to the road networks, it is an attractive prospect for those businesses looking from which to base their operations and we are looking forward to introducing this scheme to new and existing customers in 2025."
Sam Dennis, Director of Communities at Derby City Council stated, "We look forward to watching Derby 507 take shape. This cutting-edge facility exemplifies the power of collaboration. It will significantly boost our local economy and solidify our position as a national hub for innovation, manufacturing, and world-class research and development."
The site will be available from Q1 2025.
Infinity Park Derby is a unique collaboration between Derby City Council, The Harpur Crewe Estate, Rolls-Royce, the D2N2 local enterprise partnership, and developers IPD LLP which comprises Wilson Bowden and Peveril Securities.
More information: https://derby507.co.uk/