Hundreds of construction jobs are set to be created in Derby after planning permission was granted for a major new mixed-use development in the city.
The Derby Triangle is a brownfield site close to the city centre and adjacent to the one million sq ft Pride Park development just across the River Derwent. The rest of the triangle is bounded by the railway and Wyvern Way. It will be developed in a partnership between regeneration specialist St Modwen and Network Rail.
Measuring 50 acres, the site will provide up to 100 new construction jobs for every year of work, with construction set to start later this year subject to final planning permission being confirmed. The only work remaining to ensure this is the completion of a Section 106 agreement and Section 278 agreement. Both of these are expected to be completed in August, and the first occupants are expected to be taking up premises on the site as early as late 2018 or early 2019.
The final development will comprise 780,000 sq ft of office space, warehouses and industrial premises. A pub, restaurant and car showroom are also planned and, when complete, will eventually provide 3,300 permanent jobs.
Discussing the project, development director at St. Modwen Peter Rudd said: "This is a major milestone for the progression of our joint venture with Network Rail and comes following detailed discussions with the city council since 2014.
"We have already received significant interest from potential occupiers and expect this to increase now that progress with planning has been made."
Managing director at Network Rail Property David Biggs said the project is "something we are replicating across the country to support economic growth and encourage wider regeneration in our towns and cities".
The Pride Park site has been heavily developed over the last 20 years, with the stadium that bears the site's name being home to Derby County Football Club since 1997. It also hosts a velodrome and Rolls-Royce works.