13.07.17
Network Rail reveals major Derby Triangle development to create 3,300 jobs
Network Rail has this week announced that it is supporting a major development at the Derby Triangle that will create 3,300 permanent jobs in the area.
A resolution to grant outline planning permission was received yesterday for the 50-acre site being developed by Network Rail and regeneration specialist St. Modwen.
The site, which sits close to Derby’s Pride Park development, will deliver around 780,000 square feet of offices, warehouses and industrial spaces as well as a pub, restaurant and car showroom.
The scheme will boost economic development and growth by creating up to 100 construction jobs per year of development.
Outline planning consent for the scheme is subject to the completion of a Section 106 agreement and section 278 agreement, which are expected to be finalised by the end of August.
After that, site clearance work will begin in late 2017, and the first commercial spaces will begin to be occupied at the end of next year.
“We are working in close collaboration with our development partner St. Modwen to progress this ambitious project which promises to deliver thousands of new jobs and provide vital commercial space in Derby,” said David Biggs, managing director of Network Rail Property.
“Our partnership approach to unlocking land is something we are replicating across the country to support economic growth and encourage wider regeneration in our towns and cities.”
Cllr Martin Rawson, cabinet member for communities and city centre regeneration at Derby City Council, commented that the Derby Triangle regeneration scheme proposed by St. Modwen and Network Rail will bring “significant benefits to the city in many ways, including employment, with the generation of over 3,000 new jobs for the region, and will also contribute positively towards the local authority's economic strategy”.
Finally, Peter Rudd, development director at St. Modwen, said: “This is a major milestone for the progression of our joint venture with Network Rail and comes following detailed discussions with the City Council since 2014.
“We have already received significant interest from potential occupiers and expect this to increase now that progress with planning has been made,” he concluded. “There is a lack of new employment space in the city and, in collaboration with Network Rail, we plan to fill this gap, meet occupier demand and create jobs.”
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