Goodman Development

Getting an Incite into Derby's Success

Innes England’s annual Market Insite report has revealed that industrial rents in Derby have grown by 26% in the last five years, alongside significant deals in the retail sector.

The report, which monitors trends in the East Midlands property market, highlighted a strong industrial market with Goodman and Ivygrove Developments leading the way.

Nick Hosking, director at Innes England, said, “The industrial sector performed well in 2017 with take-up echoing the previous year. Given the strength of Derby’s manufacturing base we expect to see the industrial sector perform well again this year.”

Innes England, sponsors of Team Derby at MIPIM, also analysed the retail market, noting the success of Intu Derby, whilst the Cathedral Quarter saw lettings to Jack Wills, Bar Soba and Bunk.

The largest deal, billed as the biggest in the city since the opening of Intu Derby, was the letting of 22,000 sq ft in the St Peter’s Quarter to TK Maxx. 

The American retail giant has announced the store will open on Thursday 22nd February and is expected to drive footfall and further lettings to the area. Derby City Council is offering support to the regeneration of the St Peter’s Quarter, with public realm works across the area, including a Walk of Fame, celebrating noteworthy achievements of some of Derby’s most deserving residents.
 

Cannes Do

MIPIM is the global commercial property show and consistently attracts 21,000 delegates from around the world – with more than 93 countries, 430 journalists and 4,500 investors. 

MIPIM 2018 is fast approaching and Team Derby will once again have a presence as one of the UK’s leading places to invest in or relocate to. The strength of our message lies in our public-private partnership approach to the week and this year will be no different with delegates including the Deputy Leader of Derby City Council attending alongside key business leaders from the city.

2018 will once again see Derby taking its place in the Midlands UK Pavilion alongside the other Midlands locations, promoting the vibrancy and opportunities available in the Midlands Engine. We will once again be hosting our sell-out Derby Embassy, with key panels and discussions in the Midlands Pavilion itself. If you’d like to meet with a member of the team in Cannes, please contact Katie Delve at katie.delve@marketingderby.co.uk. 

We are delighted to be working with our partners at MIPIM Smith Partnership, Knights 1759, Innes England, Idom Merebrook, East Midlands Airport, Harworth Estates and Godwin Developments. If you would like to join us, please contact Katie Delve at katie.delve@marketingderby.co.uk.
 

Goodman Announce New 70,000 sq ft Logistics Centre

Bondholder Goodman has announced that it has signed a deal with C.H. Robinson to develop and lease a new 70,000 sq ft logistics centre at Derby Commercial Park.

It’s expected that the new facility will take seven months to construct and will be available for occupation in May 2018.

C. H. Robinson a Fortune 500 global provider of transportation services and third-party logistics, has signed a 15-year lease on the development and intends to use the facility to expand the range of transportation and logistics services it provides for its customers throughout the UK and globally.

At the same time, Goodman has confirmed its intentions to develop a new warehouse and industrial development of 32,000 sq ft on the adjacent plot at Derby Commercial Park.

The building, which will be constructed to a minimum, BREEAM Very Good Specification will include 30,378 sq ft of warehouse space, together with 2,365 sq ft offices.

Charles Crossland, Goodman Managing Director, said: "We are very pleased to be working with C.H Robinson to develop this new built to suit distribution centre facility which will provide the space the business requires to grow into and expand. 

"The strength of location together with high quality specification were instrumental in C.H Robinson’s decision to base its operations in Derby Commercial Park. This is consistent with Goodman’s focus on providing modern, high quality logistics facilities that reduce costs and distribution time, for our customers to be more competitive and efficient.

"We see C.H. Robinson’s commitment as proof of strong demand in the area, therefore we have decided to expand Derby Commercial Park’s capacity with an additional modern warehouse on the site.”

Ivo Aris, Vice President, Europe Global Forwarding from C.H. Robinson said: “We are very pleased with the new development. The new office space and distribution facilities will enable C.H. Robinson to further serve our customer’s needs for years to come.

"The office space creates an upscale environment for our employees, who are our biggest asset, and the warehouse facilities are remarkable.”

Fellow Bondholder Innes England act as agents for Derby Commerical Park. 

Chris Wright, Associate Director at Innes England, said: "As local agents for the developer, Goodman, we are delighted to welcome CH Robinson to Derby Commercial Park.  CH Robinson, who join Ted Baker and Kuehne Nagel on site are a world leader in third party logistics and feature in the Fortune 500 list and NASDAQ. 

"This trio of heavyweight occupiers are a reflection of the Goodman build quality and a testament to the city of Derby which continues to attract major global operators.  As a result of the CH Robinson deal we are pleased to announce Goodman are speculatively building 32,743 sq ft which will be available for occupation spring 2018."

Bondholders Toast Success at Top Property Awards

Bondholders Derby City Council, Connect Derby, Innes England and Goodman Logistics UK  toasted success last week at the East Midlands Property Dinner.

The East Midlands Property Dinner 2016 celebrated the strength of the region's property sector, and promoted the very best in real estate, construction and design.

Connect Derby and Derby City Council were awarded Regeneration and Restoration Project of the Year for their restoration of the iconic Marble Hall,  a Grade II listed former Rolls-Royce building. The building is now  a vibrant managed workspace facility.

Property Deal of the Year was awarded to property experts Goodman Logistics UK, for their involvement in the pre-let of the Ted Baker distribution centre at Derby Commercial Park, alongside Anglesea Logistics Partnerships and No Ordinary Designer Label.

This recent award reflects the strength of the business and is also a testament to the hard work being put in by the team.
— Tim Garratt, Managing Director at Innes England

Finally, property consultancy Innes England scooped the Agent of the Year award at the ceremony. 

Tim Garratt, Managing Director at Innes England, said: "We are thrilled to have won the award for agent of the year once again as the competition in the category was fierce." 

 

Ted Baker sashays into Derby

Iconic fashion brand Ted Baker has signed a deal to open a 325,000 sq ft distribution centre at Derby Commercial Park.

The pan-European distribution centre will create 250 jobs and handle all operations for the brand's retail, wholesale and eCommerce businesses across the continent.

Ted Baker’s investment into Derby is greatly received and the expected 250 jobs or more over the coming year is warmly welcomed
— Martin Rawson, Deputy Leader of Derby City Council

The facility, known as Angle 325, was speculatively built by Anglesea Logistics Partnership and Goodman Logistics. Marketing Derby Bondholder Goodman Development director Nigel Dolan added that its decision to partner with Anglesea Capital to speculatively develop the site was "more than vindicated" by the signing of the pre-let.

Martin Rawson, Deputy Leader of Derby City Council, commented: "The announcement of national retail brand Ted Baker taking 325,000 sq ft of space is a real coup for the city. Ted Baker's investment into Derby is greatly received and the expected 250 jobs or more over the coming year is warmly welcomed."

John Forkin, Managing Director of Marketing Derby, said: "Marketing Derby and Derby City Council have worked closely with Bondholder Goodman Development and Anglesea Capital to help secure this major investment, bringing quality and much needed jobs into the city."

Nick Hosking, Director at Bondholder Innes England, said: "The Ted Baker letting further reinforces Derby Commercial Park's position as one of the Midlands premier distribution locations. Alongside the Keuhne and Nagel letting we’ve now seen the best part of 1m sq ft of take-up at the scheme since Easter 2014."

The Angle 325 facility will be fully operational in May after Ted Baker completes a fit-out.