St. Modwen has secured planning permission from Derby City Council for a 3 million sq ft site adjacent to Pride Park in the city, after submitting a revised proposal with Network Rail.
The developer’s £80m scheme was formerly known as the Derby Triangle, and will consist of up to 650,000 sq ft of industrial logistics space.
Works on the site will start soon, with St. Modwen preparing to submit plans for the first phase shortly.
The initial units are expected to be ready for occupation in early 2021.
The new scheme follows the opening of St. Modwen’s Industrial and Logistics business division in 2019 and could create more than 1,250 jobs.
Rob Richardson, senior development manager at St Modwen, said: “Together with Network Rail, we look forward to bringing forward such a high-profile and well-located scheme, which will meet East Midlands businesses’ needs for high-quality space and bring new and skilled jobs to the city.”
Stuart Kirkwood, development director at Network Rail Property, added: “St. Modwen Park Derby is perfectly situated for regeneration. What was once wasteland, will become home to a significant number of employment opportunities for local people and as landowners we are proudly supportive of this.”