Latest News | 15 June 2026

A ‘once-in-a-generation opportunity’ as Derbion Masterplan gets green light

Bondholders:
Derbion
Derby City Council
Derby Theatre
Wavensmere Homes
Vaillant Live
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A masterplan developed by Derbion to revitalise part of Derby city centre with more than 1,000 homes has been approved.

Derby City Council has given the green light for the redevelopment of two key sites within the masterplan – the Eagle Quarter and Bradshaw Way.

The plans include the redevelopment of the former Eagle Market building into 674 homes, and the transformation of Bradshaw Way Retail Park to create 478 homes, including a new landmark 14-floor residential building.

Alongside housing, the new Eagle Quarter aims to enhance the public realm.

Derby Theatre, which has also announced plans to expand over the coming years, will be the focal point and integrate with the recently opened, multimillion-pound Derbion Square.

Beth McDonald, managing director at Derbion, said: “The Derbion Masterplan offers a once-in-a-generation opportunity to contribute to the revitalisation of Derby’s historic city centre.

“With a thriving retail and leisure centre at its heart, the Derbion Masterplan will supercharge these efforts by bringing people back into Derby through new high-quality homes, commercial and public spaces and walkable streets, acting as a catalyst for sustainable growth and development in and around the city centre and providing long-term economic opportunities for Derby.”

The proposals for Bradshaw Way feature residential buildings with private courtyards and green spaces, as well as units for commercial occupiers on the ground floor.

The proposed development will also improve connectivity to Wavensmere Homes’ Nightingale Quarter development.

Both the Eagle Quarter and Bradshaw Way sites have been identified by Derby City Council as key areas for change outlined in its ‘Vision for Derby’.

The proposals come alongside key projects including the redevelopment of the Market Place and the final phases of the £200 million Becketwell regeneration scheme.

It also follows the completion of The Condor apartment building and Vaillant Live performance venue, which recently celebrated its one-year anniversary, and the Government’s announcement that Great British Railways HQ has agreed to take one of two potential locations within the city.

Councillor Nadine Peatfield, leader of the city council and cabinet member for city centre, regeneration, strategy and policy, said: “The green light for Derbion’s Masterplan marks a major step forward in our shared vision to transform Derby into a vibrant and welcoming place to live.

“By creating a substantial number of high-quality new homes, this project will play a vital role in supporting us to achieve our housing strategy while breathing new life into the Eagle Quarter.

“This is a very exciting time for our city centre, with Derbion’s masterplan complementing other major transformations such as the redevelopments of the Becketwell area and Market Place.

“By working closely with partners like Derbion, we are ensuring Derby remains a premier destination to live, work, and visit for generations to come.”

Beth added: “It is important to Derbion that we work closely with key local stakeholders such as Derby City Council to create a vibrant city centre and we have been so pleased with the progress so far.”


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