City Living

City Living Boom for Derby

Having identified an opportunity to further fuel the Derby city living boom, Godwin Developments have just struck a deal, brokered by BB&J Commercial, on land at Phoenix Street, Derby, with Phoenix Properties.

Godwin, who have lots of experience in city living across the Midlands, have huge ambitions for this site, which has been left undeveloped for many years.  Godwin plan to create a residential-led tower development.
 
It is hoped the scheme will be a real coup for Derby as the building can set a benchmark for tall buildings in the area. Initial sketch drawings show an iconic, landmark scheme that is sure to be popular with investors and occupiers who are hungry for new apartments as demonstrated by other, recent sell out schemes. 
 
Godwin Developments are showing a real commitment to investing in Derby, with a deal for land on Agard St in the University Quarter having been completed earlier this month. 
 
Stephen Pratt, Godwin Developments, commented “ We see Derby as a great opportunity for city living and now have two live deals with more in the pipeline. We are keen to create some quality apartments for the city and satisfy the demand of the many young professionals who work here.

We are delighted that Godwin Developments are continuing to invest in sites across Derby for city living. Having been in discussions with them for some time, we look forward to the delivery of a landmark, high quality development that helps put Derby Riverside on the map, and will continue to offer our support in bringing the scheme to fruition.
— Tom Erskine, Inward Investment Executive

"We have been working hard as a team to put the right sites together and we are looking forwards to working with Marketing Derby and the City Council to achieve two quality developments. We have similar schemes on across the Midlands and this site adds to our growing portfolio."
 
Mark Richardson of BB&J Commercial said  “It is refreshing to see a quality developer take hold of key regeneration sites with ambitious plans that the city deserves. As a city we missed the apartment boom last time around and as a result there is a real underlying demand for quality city living.

"I feel Godwin Developments are the right developer with the expertise and clout to deliver this exciting scheme which will firmly put Derby City on the residential map with this stunning new development.”

Derby's City Living Boom

Derby's city centre residential market is booming, with nearly 2,400 new properties built, or in construction, according to Bondholder Derby Telegraph. 

The city's residential revolution is showing no signs of slowing down as further new-builds and conversions bringing investment to the city centre.

This revolution has been kickstarted by the student accommodation market - out of the 2,388 new properties built in the city centre, 722 are student accommodation. This includes 128 apartments in converted Roman House by Bondholder StudioUS, and a 350-bed student accommodation development on Cathedral Road by Bondholder Prosperity Capital Partners. 

Developer Jensco has received planning permission to build a further 244 student apartment next to its One Friar Gate Square development in Agard Street.

A number of new homes have also come, or are in the process of coming, to market in the city centre, including the new Weaver's Point development from Bondholder Radleigh Homes, which comprise of 35 luxury apartments. 

We’re very excited about investing in Derby over the next 10 years. I’d like to do more student accommodation in Derby and we’re looking at other sites but, in addition to that, my vision for Derby is the build-to-rent sector. I think Derby is a prime city for build-to-rent.
— Gavin Barry, Chief Executive at Prosperity Capital Partners

These are joined by the apartments at One Cathedral Green, which all sold within months of going on sale.

A major success story of Derby's residential revolution has been Bondholder Compendium Living’s £100m Castleward development, which once completed will create an 800 home Urban Village in the heart of the city, mixing residential with retail and leisure. Phase 1 of the scheme has already completed with phase 2 set to begin soon.

Derby's residential revolution began two years ago at MIPIM UK, with the launch of the City Living brochure.

John Forkin, Managing Director of Marketing Derby, said: "Two years ago we launched a campaign to attract residential investment to support Derby's growth ambitions.

"We had a tremendous response and some of the buildings recently constructed, or currently going through planning, are a direct result of this.

"The past ten years' regeneration has made living in Derby city centre a more attractive proposition."