News. Place Projects - 29 April 2022

D2N2-funded Becketwell regeneration scheme is shortlisted for two major awards

Phase one of the £200m Becketwell Derby regeneration scheme has been shortlisted for two major awards – Commercial Property Deal of the Year at the 2022 Property Awards and Investment Deal of the Year at the Midlands PROPS Awards.

The Property Week awards are the UK’s most prestigious awards dedicated to the full spectrum of the commercial property industry. Becketwell Derby is one of only three schemes in the Midlands and the only scheme in the East Midlands to be shortlisted for this coveted award, which recognises those innovative ground-breaking deals that have been completed despite the challenges posed by the pandemic.

Phase one of the scheme has also been shortlisted for the Investment Deal of the Year at the inaugural Midlands PROPS Awards, which recognise those leaders making a difference in the world of Midlands real estate.

Phase one of the exciting Becketwell scheme includes the construction of Derby’s first purpose-built build to rent (BTR) apartments on the site of the former Debenhams store on Victoria Street, which will be funded, acquired, and operated by Grainger plc, market leader in the UK build to rent and private rented sector.

The development will comprise of 259 one and two-bedroom apartments, which will be adjacent to a new multi-purpose public square, which will be the centrepiece of the development.

Construction work on phase one began in July 2021, with work set to be completed by early 2023. D2N2 LEP has contributed £8m in funding for the project via the Local Growth Fund.

The winners of the Midlands PROPS Awards will be announced at Birmingham’s Grand Hotel on Thurs 28 April. The Property Week Awards take place on June 7 at Grosvenor House Hotel in London.

Paul Morris, development director at St James Securities, said: “For Becketwell Derby to be shortlisted alongside some of the most high-profile deals concluded across the UK over the past 12 months on both a regional and national level is a real vote of confidence and reflects our ambition to breathe new life into an area of the city that has been neglected for many years.

“Phase one of the scheme is progressing at an incredible pace and will be transformational for Derby, allowing hundreds of people to live in high-quality homes in the heart of the city and contribute to improving the overall vibrancy and attraction of the city centre.”

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