REGENERATION SCHEME AT TEMPLE NORMANTON RECEIVES PLANNING CONSENT

Industrial/Warehouse News

Fisher Hargreaves Proctor (Derby Office) have confirmed that their clients, Langham Park Developments have received detailed planning consent to redevelop the former National Coal Board Training Site at Temple Normanton in north east Derbyshire to develop 3 new warehouse units totalling approximately 185,000ft², which are due to be completed by the summer of 2008.

The scheme is seen as a significant regeneration project with the developers proposing to start on site over the next 2 months, enabling the units to be completed by the summer of 2008.

The proposals are dominated by Unit 1, which comprises a 15,550m² (167,500ft²) distribution unit, with the scheme having a projected end value of more than £13million.

The developers have confirmed that they will build the units on a speculative basis, with joint Managing Director Fin Mitchell, confirming “The M1 corridor within the East Midlands has become recognised as a major focus for distribution companies who wish to have their regional distribution centres located at the heart of the UK, in a location where there is labour available at reasonable rates.

The site at Temple Normanton is only 3 miles from Junction 29 of the M1 and accessed by the A617(T) dual carriageway, enabling swift and direct access to the M1 and by our calculations, approximately 80% of the working population of the England are potentially in reach within a 2 hour drive of the site.

The site is also only 4 miles distant from the town centre of Chesterfield, and being adjacent to the former Grassmoor Colliery, in a position which can naturally attract local labour.

The scheme is designed to target both national and local occupiers – by virtue of its site Unit 1 is likely to be occupied as a regional distribution centre, by a company of national significance, whereas Units 2 & 3 are targeted at the local market, being available on a sale or lease basis.”

Demolition of the former Training Centre is currently underway and the main contractor is likely to start on site in approximately 2 months time.

Langham Park have appointed Fisher Hargreaves Proctor and M3 as marketing agents for the site, with John Proctor, Partner at FHP confirming:

“For too long we have looked in envy at other locations within the UK where developers have taken the initiative and speculatively developed distribution and production units in strategic locations, which have enabled regeneration to occur and jobs to be created.

 

There has been very little speculative development within the Chesterfield area, in part through a lack of commitment from developers to consider the Chesterfield area, but more so because the sites have simply not been available.

 

We have already received expressions of interest in the site and are in discussions with companies interested in the scheme.”

 

The Temple Normanton scheme continues Langham Park’s expansion within the East Midlands area, continuing to reinforce their reputation as a progressive developer, following on from their recent developments at Castle Donington at Junction 24 of the M1, Stanton by Dale at Ilkeston, and the redevelopment of the Filigree Textiles site at Junction 28.

For information on the site contact FHP’s Derby Office on 01332 343222.