Infinity Park Derby

More contracts for Morecrofts

Bondholder Morecrofts, Derby’s largest independent electrical engineering contractor has secured two high quality commercial schemes in the South East of the Country.

Electrical services at a 28,000 square foot office facility for Peri UK in Essex has been secured from B&K Building Services a division of fellow Bondholder Bowmer & Kirkland Group and Morecrofts have also just been appointed on a 68,000 square foot 3 storey office building on Foundation Park in Maidenhead by Volker Fitzpatrick.

Morecrofts who are based on Prime Enterprise Park in Derby operate Nationally with works predominately being carried out in the Midlands & South East of the country. The company was established in 2004 and is owned by local men Jared Mitchell & Nick Morecroft.

More local to home Morecrofts were responsible for all electrical works at Derby’s iHub the flagship building on Infinity Park as well as Sadler Bridge Studios and the Riverside Chambers in Derby City Centre. The company is also currently working on the large refurbishment and new build project at Bemrose School in Derby.

Other prestigious Regional projects include the “Advanced Manufacturing Building” at the University of Nottingham and the “Heart of the Campus” building at Nottingham Trent University.

Managing Director, Jared Mitchell commented that “we had a record turnover last year with some amazing projects completed regionally as well as Nationally and whilst things are certainly tougher this year its great to secure such high quality schemes from fantastic construction companies like B&KBS and also Volker’s, we have some further great opportunities in London and the Home Counties as well as a number of schemes closer to home and hope we can continue to grow and develop the business over the next few years”

High Occupancy Rates at iHub

Occupancy levels at the new £12m iHub  on Infinity Park have passed the 50% mark - just six months after the building officially opened its doors to tenants.

Bondholder Connect Derby has confirmed the 45,000 sq ft facility has attracted a diverse range of SMEs and large businesses from across the rail, aerospace and automotive supply industries.

The latest new tenants include Bondholders Elastacloud and Serjeants.

A further 40% of accommodation is currently under negotiation, which will take the building to 90% occupancy within its first year of trading.

The iHub, which has Enterprise Zone status, is the centre piece of Infinity Park, the new 100-acre manufacturing focused commercial and technology site.

Speaking about the success of the iHub since its launch, Alan Smith, head of economic regeneration at Bondholder Derby City Council, said:

“I am delighted that businesses have shown their commitment to the iHub and we are already 50% let, which is well ahead of our own forecast.

“This demonstrates that the building is exactly the right product for the right market.”

Ann Bhatti, Connect Derby manager, added: “We’re absolutely delighted with the positive reaction that the iHub has received since it joined the Connect Derby portfolio of buildings last Spring.

“Our new tenants have chosen the iHub because of its strategic location in the region, the hi-specification office and workshop accommodation and state-of-the-art equipment and business support services that are on offer. We look forward to announcing more new tenants in the coming weeks.”

The Derby Embassy turns ten at Rolls-Royce

The Derby City Embassy came home to Rolls-Royce last night. Hosted by Marketing Derby, the Derby City Embassy is internationally renowned as an award-winning and innovative inward investment event, which brings together Derby ambassadors and investors.

Marketing Derby and the Bondholder scheme was originally launched at Rolls-Royce in 2006; the intention to hold an Embassy event in London was also announced. The first Embassy was held in the House of Commons and was hosted by then Foreign Secretary and current Derby South MP Dame Margaret Beckett.

The event was attended by 120 of the most powerful and influential people from Derby, including business leaders, major employers, politicians and civil servants.

Embassies have since been held in prestigious UK locations such as Downing Street and the Institute of Directors in Pall Mall, as well as overseas locations including Cannes and Monaco, during MIPIM.

These events play a pivotal role in sparking and cultivating an interest in Derby amongst he investor community; the Embassies demonstrate Derby’s strength in a number of key areas, including hi-tech clusters, as well as its highly-skilled workforce and highlight the latest development opportunities.

The investor reception at Rolls-Royce is part of a calendar of events to celebrate Marketing Derby’s tenth anniversary.

Speaking at the event, John Forkin, Managing Director of Marketing Derby, said: "In celebrating our tenth year, and the levels of investment secured by Derby in the last decade, we wanted to bring our Embassy home and are delighted that Rolls-Royce are hosting this Investor Reception."

"Derby's public-private partnership ethos is a key factor behind the successful attraction of over £3 billion of investment since 2006."

"Marketing Derby has helped create 3,650 jobs over 3,650 days - that's one job for every day worked."

"This event is part of our plans to secure the next wave of investment for Derby."

Colin Smith, Group President of Rolls-Royce, said: “Rolls-Royce is delighted to host this event celebrating 10 years of Marketing Derby. Congratulations, and thank you for your tireless efforts to create a positive business environment in Derby.

“Over the last ten years Rolls-Royce has invested in Derby at unprecedented levels, including a recent £30m factory extension to help deliver the best-selling Trent XWB and our state-of-the-art Apprentice Academy to train the next generation of Rolls-Royce engineers. We also work together with local schools and the wider community to promote Science, Technology, Engineering and Maths (STEM) careers and we support the Derby Manufacturing University Technical College.

“We will continue to invest in Derby with plans for a Rolls-Royce Aerospace Campus and as partners in Infinity Park Derby. We look forward to working with Marketing Derby for the next ten years.”

Since its inception in 2006, Marketing Derby has attracted over £150 million worth of investment, and has worked with Knights Professional Services, Florida Turbine Technologies, Webhelp, White Stuff and Yo! Sushi bringing them to the city. 

To close the event, Marketing Derby also previewed its new investor video, a personal take on the city called Me, Myself and Derby, which can be seen below:

In celebrating our tenth year, and the levels of investment secured by Derby in the last decade, we wanted to bring our Embassy home and are delighted that Rolls-Royce are hosting this Investor Reception.
— John Forkin, Managing Director of Marketing Derby
Rolls-Royce matters to Derby, and Derby matters to us
— Colin Smith, Group President at Rolls Royce

Opportunity knocks for Derby

Derby continues to be a cost-effective office and retail location with plenty of opportunities for investors and developers according to Market Insite 2016 launched by Bondholder Innes England.

Nick Hosking, Shareholding Director at Innes England,  commented that the lack of commercial property was "a real challenge for the market" and that the launch of Infinity Park Derby will be a real "game changer" for the city.
 

Derby’s Office Market

In the office market, the report shows that Derby’s Pride Park continues to be the premium business location of choice for many new businesses moving to the city, including Bondholders Knights Professional Services and Aspin Group. The year also saw a significant uptake of serviced offices in the city centre, largely through Derby City Council’s Connect scheme, which has created ca. 50,000 sq ft of office space in the past two years in response to the needs of Derby’s flourishing start-ups and SMEs.

Some of the city centre’s lower-grade office space, such as St. Peter's House and Roman House, have been snapped up by developers for conversion to residential use, but the demand for new and refurbished office space in the city does, and will continue to, exist.  The availability of top-grade office stock in the city is at its lowest since pre-recession days, and the city’s focus needs to turn to the provision of 1,500 - 5,000 sq ft, offices, of modern design and with attractive lease terms, which new and expanding businesses can move into to support their growth plans.  It is clear that there is an opportunity for developers in Derby right now to provide what the market requires.
 

The Retail Renaissance

Market Insite highlights the renaissance in Derby’s retail and leisure scene over the past couple of years.  Independents in and around the Cathedral Quarter are going from strength to strength, desirable brands such as Yo! Sushi, MAC, Byron and Tiger have all taken space in intu Derby, and new brands such as Turtle Bay, Cosy Club, Prezzo and White Stuff have all spotted opportunities in Derby’s city centre.

The report highlights that Derby is far more cost-effective than its local rivals when it comes to rent levels, offering retailers in Derby more space for their money and opportunities for greater overall financial returns.
 

Industrial Stock Market

Competitive industrial rents highlight Derby’s excellent connectivity within the East Midlands, and the availability of industrial stock in Derby is strong.  There is renewed confidence in this market locally, with the success of Derby Commercial Park - including the new speculative 'Angle 325' building about to be let to a major high-street retailer – Eagle Park on Alfreton Road and plans for Derby Triangle all progressing. 

Speaking at the launch, Strategic Director of Communities and Place for Derby City Council, Christine Durrant, highlighted Derby’s Enterprise Zone, Infinity Park Derby. The site has the potential to deliver a world-class engineering and technology park, building on Derby's 300-year industrial heritage.

Inward Investment Executive at Marketing Derby, Jimmy Drew said ‘Innes England’s Market Insite report is always a useful summary of the East Midlands markets, which backs up the information we are asked for by investors looking at Derby.  This year’s report really highlights that Derby is a city on the up, and that there are real opportunities in the next few years to develop Derby’s offer even further.”

Extended Enterprise Zone Status for Infinity Park Derby

The £200 million development aimed at attracting new hi-tech businesses to Derby has been named by the Chancellor of the Exchequer, George Osborne, as one of eight existing Enterprise Zones to be extended.

Infinity Park Derby is a 100-acre development near Bondholder Rolls-Royce's civil aerospace site and aims to attract businesses with its 1.5 million square feet of offices, warehousing and ancillary facilities.

Enterprise Zone status means businesses benefit from tax breaks and business rates discounts. This extension includes enhanced capital allowances, which means tax relief on equipment like plant and machinery.

This further increases the desirability of the park - which aims to create 8,000 jobs - as a location for companies to relocate, expand or start-up in.

Deputy Leader at Derby City Council, Martin Rawson, commented: "The development is rapidly becoming the most attractive place within the East Midlands to locate a business. The addition of enhanced capital allowances further reinforces this position."

Peter Gadsby, Chairman of Bondholder Cedar House Investments said: "I'm pleased that the Chancellor has announced the extension to the Infinity Park Derby Enterprise Zone. It is recognition for an outstanding strategic regional employment site where we hope to attract occupiers from throughout the UK and overseas."

Bondholder Salloway Property Consultants and JLL are both marketing the site. Managing Director of Salloway Property Consultants Steve Salloway said: "I expect Infinity Park Derby to become one of the East Midlands' most fertile breeding grounds for enterprise and innovation.

Sitting alongside a world-renowned brand as Rolls-Royce - and on the doorstep of multi-national businesses such as Bombardier, Toyota and JCB - the development project will be attractive to 'supply-chain' companies in the advanced manufacturing sector, not only indigenous and UK-wide organisations but from overseas too."

 

The development is rapidly becoming the most attractive place within the East Midlands to locate a business
— Martin Rawson, Deputy Leader at Derby City Council
I expect Infinity Park Derby to become one of the East Midlands’ most fertile breeding grounds for enterprise and innovation
— Steve Salloway, Managing Director of Salloway Property Consultants