It has been announced that the eighteen-acre site of Derby's former DRI hospital has been sold to Nightingale Derbyshire Ltd, a new firm co-founded by Birmingham tycoon Grahame Whateley.
It came as a surprise as London-based First Urban had outline planning approval to build up to 500 home on the site which was cleared in 2015.
First Urban had agreed to buy the site once planning was agreed but were happy to let the University Hospitals of Derby and Burton NHS Foundation Trust negotiate with Nightingale Derbyshire Ltd when interest was expressed.
James Dickens, a co-director along with Mr Whateley, said more than one option was being explored: “We’ve worked up a couple of hypothetical schemes and we’re looking forward to discussing them with Derby City Council’s planning department,” he said last week, adding that they want to “build something special”.
The new investor has been welcomed by John Forkin, MD of Marketing Derby who said: "Cleared city centre sites of this scale are very rare and can be challenging in taking forward.
"The investors behind Nightingale Derbyshire are credible, having worked in cities such as Bristol and Edinburgh.
"The DRI site has been empty far too long - it really should be a national exemplar - and we will work with the investors to support the business case for development."