Debenhams on Market

Derby City Council is continuing to make progress on key regeneration sites in the City Centre Masterplan, with Greg Jennings, Director of Regeneration, Housing and Property at Derby City Council, formally announcing at the Derby Property Summit that the former Debenhams building on Victoria Street – part of the Becketwell regeneration site in the city centre - is now on the market with agents Cushman & Wakefield.

The purchase of the former Debenhams building by Derby City Council means that the Becketwell site can be unlocked with a preference for an ice rink to be constructed on Duckworth Square.

Greg Jennings also confirmed that the city's Cattle Market is also now on the market, and one of the largest properties owned by Derby City Council, Middleton House, is on the verge of being sold to a major East Midlands developer specialising in residential schemes.  Subject to planning permission and completion of the sale, the building will be transformed into a mixed-use development, including high-end residential units.

The announcement of £8.6m of Local Growth Funding from D2N2 earlier this month brings closer the demolition of the existing Assembly Rooms and its replacement with a new performance venue at the Heart of the City. Recommendations for the scheme are expected to be considered by Derby City Council in September.

 Cllr Martin Rawson, Deputy Leader of Derby City Council welcomed the D2N2 funding announcement, saying “We are on course to transform Derby into a vibrant city of choice for businesses, investment, city centre living, cultural offerings and leisure”.

Speaking as a panellist at yesterday's Derby Property Summit, Mr Rawson said "it is vitally important that we get the city centre right and provide a high quality offer to help local businesses recruit and retain top talent from across the globe."