Property development and investment company, CEG, has secured planning permission to deliver a modern 1,933 sq m builders merchant facility for Travis Perkins at the Vesuvius development off Sandy Lane, Worksop. The development will create 20 new jobs, deliver a new supply chain facility for existing local business and bring economic benefits to the area.
D2N2 LEP has supported the £16.6m Vesuvius project with £4.48m from its Local Growth Fund allocation.
The Vesuvius development
With planning permission for more than 200,000 sq ft of employment space, the multi-million-pound first phase of commercial development is due to complete this summer.
Providing a multi-tenanted 46,000 sq ft of industrial units, ranging from 1,200 to 5,000 sq ft, and retail space adjacent to the recently opened Asda superstore, the first pre-let has already been agreed with Burger King.
Subsequent phases will also offer larger employment units including speculative as well as pre-let, design and build development for office, light industry, storage and distribution requirements. Nottinghamshire Fire and Rescue Service is also on site constructing a new fire station.
Transforming the area
D2N2 LEP CEO, Sajeeda Rose said: “The Vesuvius site represents a landmark development for Worksop and the wider area. It’s great to see businesses such as Travis Perkins attracted to the site, creating new jobs and supporting our collective ambitions to rebuild and grow our economy.”
Lawrence Escott, Investment Manager from CEG said: “The regeneration of this brownfield site is proving a huge success. Vesuvius is fast becoming a thriving commercial destination and Travis Perkins will be a welcome addition.
“We will soon complete the largest speculative scheme of this scale and quality in Worksop for many years and we continue to see strong interest in the space from well-known national trade and industrial occupiers alongside smaller, local businesses.”