St Francis Group has teamed up with iSec for a 1.32 million sq ft development next to Markham Vale off junction 29A of the M1, which will be home to five new warehouse developments.
The scheme is being developed to play a national role in the ever-expanding logistics market, based on increasing demand from e-commerce channels.
Occupiers could move into high quality industrial warehouse and manufacturing space from Q2 2021, and a second application has been submitted by the developers to the North East Derbyshire District Council for an additional 500,000 sq ft in two units on the adjoining land.
The developers want to make sure the business park creates a broad range of jobs across its manufacturing and technology sectors, which will in turn help to boost the local economy.
A plan to upgrade the surrounding road network with significant works planned with Buttermilk Lane is likely to begin early next year.
Gareth Williams, development director at St Francis Group said: “It is well documented that there is significant levels of pent up demand across the region and indeed the UK for high quality industrial units as businesses look to expand or relocate.
A considerable amount of time and effort has gone in to ensuring that this development will meet the very high standards expected by todays occupiers.”
By Michelle Mooney