A 105-unit PRS development has received planning approval in Derby city centre.
The apartments, split between two blocks, reach a height of 13 storeys and overlook the River Derwent from Derby’s North Riverside and will provide high-quality, long-term rental accommodation for professionals in the city. With Derby’s hi-tech economy, high average workplace salaries and graduate workforce, this type of accommodation is extremely important to providing suitable homes for the labour market.
Derby City Council Planning Committee member, Cllr Baggy Shanker, said, “We want Derby to be a vibrant and modern city. We need modern city centre living to meet the demands of our city and its residents. It’s schemes like this that will turn us into a vibrant city.”
Tom Erskine, Inward Investment Executive at Marketing Derby said, “It’s important for Derby to have a variety of housing tenures, and we are severely under-served in high quality city living options. It is therefore vital that brownfield sites like this, which provide an opportunity for quality regeneration, are built on with the sort of accommodation that people want. The size of these sites demand density in development and, the influx of 150 residents to this part of the city will have an extremely positive impact on the safety and economy of the area around it.”