Joint venture partners St Francis Group and iSec have launched the 1.4m sq ft Horizon29 warehouse and logistics development at Markham Vale in north Derbyshire.
The high profile scheme, located between Sheffield and Nottingham at the former Coalite works, just off junction 29a of the M1 and part-funded by D2N2, is being developed in two phases and is targeted at occupiers looking to take advantage of the first-class location and labour supply.
The local growth fund is a funding programme that enables D2N2 to invest in projects that benefit the regional economy.
In their second joint venture, following the success of Bristol’s Horizon38, the developers have completed extensive groundworks and infrastructure upgrades on this strategic brownfield site and are shortly to start works to improve the local highway network and service upgrades to enable the delivery of development plots in early 2021.
The first phase of Horizon29 was recently granted detailed planning consent for 824,000 sq. ft in five units ranging from 73,000 sq. ft to 310,000 sq. ft. Planning applications are pending on the second phase of 574,000 sq. ft in three units ranging from 113,000 sq. ft to 250,000 sq. ft.
Sajeeda Rose, Chief Executive of D2N2 Local Enterprise Partnership said: “I’m pleased to see the first phase of the Horizon29 development progressing well.”
“As thoughts turn to how our region recovers from the ongoing Coronavirus pandemic, projects like Horizon29 will be key in supporting our regional economy recovering and creating jobs for our people and communities.”
Gareth Williams, Development Director of St Francis Group, an expert in brownfield development and regeneration, said: “Horizon29 is one of the East Midlands’ newest and most refined industrial developments.
“The project will meet the very best standards expected by today’s occupiers, with bespoke buildings built to meet any specific requirements. The units will sit in a prime logistics environment just minutes from the M1 motorway, making it one of the UK’s most prominent new industrial and logistics parks.”
Nigel Lax, Development Director of iSec said: “As well as stimulating significant local job opportunities, we also expect the scheme to stimulate fresh inward investment in the area, giving a significant boost to the local economy and at 1.4 million sq ft in total, the scheme will play a national role in the ever-expanding logistics market, based on rapidly increasing demand from e-commerce.
“Horizon29 will be opening for business and available to logistics and manufacturing companies looking to return to some degree of normality in the not too distant future and capitalises on an outstanding location close to Sheffield, Chesterfield, Nottingham and Derby.”