Joint venture partners St Francis Group and iSec have launched a 1.4 million sq ft warehouse and logistics development at Markham Vale in north Derbyshire.
The scheme known as Horizon29 is being developed in two phases. The first phase of Horizon29 was recently granted detailed planning consent for 824,000 sq ft in five units ranging from 73,000 sq ft to 310,000 sq ft. Planning applications are pending on a second phase of 574,000 sq ft in three units ranging from 113,000 sq ft to 250,000 sq ft.
The developers have completed extensive ground works and infrastructure upgrades on the brownfield site and are shortly to start works to improve the local highway network and service upgrades to enable the delivery of development plots in early 2021.
The scheme is located between Sheffield and Nottingham at the former Coalite works, just off junction 29a of the M1 motorway.
This is the second scheme for the joint venture following the success of Horizon38 in Bristol.
Rebecca Schofield of joint letting agent Knight Frank said: “While some speculative development is envisaged, we will initially be targeting occupiers with leasehold and freehold Design & Build requirements.”
Sajeeda Rose, Chief Executive of D2N2 Local Enterprise Partnership which is part-funding the project, said: “As thoughts turn to how our region recovers from the ongoing Coronavirus pandemic, projects like Horizon29 will be key in supporting our regional economy recovering and creating jobs for our people and communities”
The joint venture is working closely with North East Derbyshire Council, Bolsover Council, Derbyshire Council and the D2N2 LEP that has provided grant assistance to the project.
Knight Frank and CBRE are joint agents on Horizon29.