Goodman attracts logistics firm to £45m Derby distribution hub
Goodman has secured a pre let to Kuehne + Nagel Drinkflow Logistics and Heineken for a 632,000 sq ft distribution facility. This is under construction and due for delivery in Q1 2014.
Goodman’s Derby agent, Nick Hosking, welcomed the news that consent had been secured and construction has commenced.
“Derby Commercial Park has the potential to create approximately 3,000 new jobs across the site and the deal for a new distribution warehouse on behalf of Kuehne + Nagel’s Drinks Logistics and Heineken is obviously extremely welcome news. This is the largest ever pre-let within the city, work on site has now commenced with delivery of the completed warehouse due next Easter.
“In landing the £45m scheme, Goodman beat off regional Midlands’ competition, which not only reflects well on its reputation as a world leader in the distribution and logistics sector but also is great news for Derby. The city council and Marketing Derby have been extremely supportive in promoting the city on a wider level which has helped Derby Commercial Park become firmly established on the map for the wider regional distribution market.
“To date, Goodman has invested around £175m into the scheme and with its strategic position and strong transport links; it’s been widely recognised as the premier logistics park within the city.
“We have three other deals currently progressing and discussions on going with a number of other occupiers ranging from international logistics operators to smaller companies within the local marketplace highlighting the schemes growing impetus. The Kuehne + Nagel deal clearly gives the local economy a shot in the arm and reinforces the confidence gradually returning to the wider market. With over 2m sq ft of consented space we still have plenty of opportunities for businesses at Derby Commercial Park and can accommodate requirements from 20,000 sq ft upwards.”
Derby Commercial Park is the only site in the region which can offer the immediate development of large scale, high bay, distribution and industrial buildings. The scheme has an outline planning consent for 2 million sq ft of B1,B2 and B8 space.
The location provides an enviable balance between proximity to labour and excellent transport links. Direct access to the M1 motorway is via a dual carriageway in both directions (Junction 25 heading north and Junction 24a heading south), whilst the A50 and A38 offer alternative options.
Goodman acquired the 180 acre site in Alvaston Derby in 2005. A multi-million pound infrastructure programme has been undertaken incorporating both on-site works, such as a new bridge over the River Derwent, and off-site works which encompassed two major roundabouts on the A6 providing first class access in to the park. These works are now complete.
The largest single building can now be delivered for up to 550,000 sq ft cross docked.