Markham Vale North development nears completion as last two units take shape
HBD and Derbyshire County Council’s Markham Vale North is nearing completion with the steel structures already completed for the final two units being delivered for Aver Property in a £25m deal, a joint venture between Ergo Real Estate and NFU Mutual.
The final two buildings on Markham Vale North – known as Orion – will provide an additional 221,518 sq. ft. and 75,500 sq. and are expected to complete in Q2 2021.
Markham Vale is a partnership between HBD and Derbyshire County Council. A 200-acre business park with direct access to the M1 via a dedicated junction, it is one of the region’s flagship locations and has been a catalyst for the creation of thousands of new jobs.
The scheme offers bespoke industrial, warehouse, hotel and office builds. Existing occupiers include Great Bear and Bilstein Group.
Anthony Clitheroe, Director at HBD, said: “Construction is progressing quickly on the two units, which we expect to complete in Spring – large, high-quality industrial stock remains in short supply in the UK, particularly in strategic locations like this, so interest has been high.
“These last two units complete the North side of the scheme. A further 13-acres remain across Markham Vale East and West, capable of accommodating 220,000 sq. ft.”
Leigh Burnett, Asset Manager for Ergo said: “Aver is delighted to be involved in the development of Orion at Markham Vale North. These are well located, high quality industrial buildings that will perform well in the both the short and long term. Markham Vale is a landmark development which benefits from proven longevity and appeal, it is a great location for distribution and production businesses.”
Derbyshire County Council’s Cabinet Member for Clean Growth and Regeneration Councillor, Tony King, said: “These two new units will be great additions to Markham Vale and will open up exciting opportunities for new businesses to join the site.
“We’re committed to supporting businesses – now more than ever to help them survive and recover from the downturn brought about by the coronavirus pandemic.
“It’s really positive to hear that we’ve already had some good interest from companies about the new units and the investment in Markham Vale by Aver Property shows a great level of confidence in the Derbyshire economy and its potential for growth.”
To date, HBD has delivered 2,000,000 sq. ft. of industrial, logistics and warehousing space at Markham Vale in what has been a hugely successful 16-year partnership with Derbyshire County Council.