Investment

Fashion workshop gets green light

Bondholder the University of Derby's plans to redevelop two industrial buildings near its Markeaton Street site into fashion and textile workshops have now been approved by Bondholder Derby City Council.

The £3m plan falls as part of the University's £100m investment which also includes its £12m science, technology, engineering and maths (STEM) building and its £10.8m sports centre at its Kedleston Road campus.

The development comprises two unused two-storey warehouses, a commercial unit and a private yard. The two buildings will be refurbished and the isolated warehouse will be demolished.

A statement said that the University had worked with the council "in a positive and proactive manner".

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.

New investors at Turning Point Business Angels

Turning Point Business Angels (TPBA) has had an influx of new investors come on board for 2016 including Mike Copestake, Partner at Bondholder Freeths; Steve Drury of Technolog; Simon Woods, Managing Director of TecQuipment; and Stuart Garner of Norton Motorcycles.

TPBA comprises investors primarily from Derbyshire, Nottinghamshire and Leicestershire but extends further and operates with a core group of investors as well as associates. Associates are not included in day-to-day screening and diligence but invest alongside the core group of investors.

The investment portfolio so far includes Bondholder HUUB Design as well as BPR Medical, Peopletoo and Honest Brew.

The group looks to provide funding up to £1,000,000 and is keen to hear from businesses with ambitions and opportunities for growth. Investors are not sector-specific but at least one investor having expertise is preferred.

For more information, please contact Tom Mawhood by:

  • calling 07710 083283 or (0115) 9 866 890
  • emailing tebm@me.com
  • Skype calling tom.mawhood64
  • connecting on Linkedin (http://uk.linkedin.com/pub/tom-mawhood/9/76b/aa6)
     

£4m Marble Hall refurbishment complete

Bondholder Connect Derby's latest development of 42 high-specification offices has now been completed at the former Rolls-Royce Marble Hall building on Nightingale Road.

We know there is a lot of interest in the services and facilities on offer and I hope the ‘Connect in the Community’ initiative will go a long way
— Martin Rawson, Deputy Leader of Derby City Council

The Grade II listed building has been empty since Rolls-Royce relocated in 2007 but Connect Derby has now transformed it into a vibrant managed workspace with a range of complimentary services. The development includes extra meeting rooms as well as a nursery which has capacity for 16 two-three year-olds and 26 three-four year-olds.

Derby's high demand for smaller, managed workspaces definitely welcomes the 42 new offices (plus a penthouse) which range in size from 100 sq ft to 800 sq ft.

Martin Rawson, Deputy Leader of Derby City Council, said: "The launch of Marble Hall signals a very exciting time for the Osmaston area. Through surveys and community engagement, we know there is a lot of interest in the services and facilities on offer and I hope the 'Connect in the Community' initiative will go a long way towards helping people in the area who are considering starting their own businesses."

If you're interested in taking office space at Marble Hall, please get in touch with Russell Rigby from Bondholder Rigby & Co by calling (01332) 20 33 77 or email russellrigby@rigbyandco.com

Green light for £2.58m Museum of Making

Bondholder Derby Museums Trust is to transform Derby Silk Mill into a new Museum of Making as it gets an invitation to apply for £2.58m funding from the Arts Council.

It is to be a creative and inspirational museum housed inside the world's first factory, Derby Silk Mill, and will be rooted in the city's industrial history and kitted out with the latest tech to help build peoples' skills and creative talent.

We want to turn STEM into STEAM
— Tony Butler, Executive Director at Derby Museums Trust

Over the next 18 months, the Trust will receive an £85,000 development grant to complete its application to the funding programme, showing plans at a detailed stage of design and development. If successful, the Trust will secure the additional £2.58m to support the project.

Tony Butler, Executive Director at Derby Museums Trust said: "We are thrilled Arts Council England is helping us take our pioneering project to the next stage. We are intent on making the arts fundamental in understanding of the STEM subjects (Science, Technology, Engineering and Maths). We want to turn STEM into STEAM.

Peter Knott, Area Director, Midlands at Arts Council England said: "We're delighted to be investing in Derby Museums' fantastic plans for its Museum of Making. This new museum will be a place where arts and culture meld with science and technology. Building on Derby's rich industrial legacy we hope the museum will be a place which inspires the creators and makers of the future."



Major names choose RTC

Three big names have all recently secured space at RTC Business Park which is owned by Bondholder LCR.

Companies include Hitachi Europe Ltd, Serco Group and Network Rail and were brokered by property consultancy Innes England.

LCR is - in conjunction with fellow Bondholder Derby City Council - using the allocation of the government's Regional Growth Fund to invest in the park to create economic growth and sustainable employment.

European technology giant Hitachi has taken 4,500 sq ft of refurbished office accommodation within Derwent House. From data storage solutions to transportation systems, Hitachi provides products, services and solutions to every sector of the European market.

Serco Group, the outsourcing services company with its head office in Hampshire, has taken just over 9,000 sq ft of refurbished space within Derwent House. Serco operates public and private transport and traffic control, aviation, military weapons, detention centres, prisons and schools on behalf of its customers.

Network Rail, which owns and operates the railway network, has taken five of the six floors at Brunel House on the business park totalling a considerable 15,800 sq ft.

Nick Hosking, Director at Bondholder Innes England, said: "RTC Business Park continues to attract interest from businesses wanting office accommodation with parking just outside the city centre and we are delighted to have secured a hat-trick of substantial deals at the park."

He continues: "Securing the lets just after completion of a full refurbishment illustrates how investing in refurbishment can be rewarded with good quality lets and also demonstrates the increased confidence in Derby's commercial property market."

RTC Business Park is one of the principal engineering employment centres in Derby with direct access to the A6 and is close to the railway station.

Loungers submits application for second venue

The premises at 6-12 St Peter's Street which Loungers has submitted a planning application to renovate.

With work to refurbish the iconic Royal Hotel buildings in Derby city centre well underway, Loungers has submitted a planning application to turn 6-12 St Peter's Street into a second café/bar venue with assistance from Bondholder FHP.

With the company's Cosy Club brand set to open in the Royal Hotel buildings (for which Bondholder Salloway Property Consultants acted as agents) in March 2016 following planning and licensing approval, the second venue, operating as a Lounge concept, would open in mid-2016, subject to planning approval.

Bristol-based Loungers has seized the opportunity after first visiting the city in 2014 following an invitation from Marketing Derby, and is one of a host of leisure operators recognising the potential and vibrancy of the city centre dining scene.

2 Sisters eyes up previous S&A Foods site

Food giant 2 Sisters has confirmed it is in talks to acquire the previous S&A Foods site on Derby's Sir Francis Ley Industrial Estate.

2 Sisters' primary focus is the processing of poultry, although the company also produces red meat, frozen and chilled products, and biscuits across its existing 36 production sites.

The news comes shortly after the company announced a £150 million investment into its poultry division and a further £55 million in its ready meals business.

2 Sisters is now "undertaking the necessary due process", however the operations that will take place in the potential new site in Derby are still unknown.

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

New city scheme gains approval

The proposed designs for the Agard Court development (right) standing next to the existing One Friar Gate Square development (left) now leased to the University of Derby.

The proposed development for 244 student apartments which complements the University of Derby's recent 33-year lease of One Friar Gate Square has gained planning permission by council planners at Derby City Council's planning earlier this week (Thursday 26th November).

The project, known as Agard Court, will stand from three to nine storeys tall and comprise of 244 one-bedroom en-suite rooms arranged in groups of four and six units.

The proposal also includes a new stairway to Friar Gate Bridge, a new courtyard and associated landscaping.

Whilst local residents previously claimed the building could negatively impact the appearance of the nearby Grade I listed building, letters supporting the scheme claim it will have 'significant economic benefits' for the area. 

 

Boardwalk in architectural hall of fame

Bondholder Mercia Marina's beautiful Boardwalk development has received significant recognition in the LABC Building Excellence Awards.

Named as the Best Small Commercial Building, the Boardwalk complex was recognised for its team having gone to impressive lengths including the production of a brand new type of timber cladding to achieve the rough and time-worn appearance which was required.

We are truly overwhelmed to not only have won the regional award but to have gone up against some hugely iconic competition to take the national award too
— Robert Neff, General Manager at Mercia Marina

The £1.7 million development which consists of boutique shops and offices with a two-storey bar and restaurant beat the likes of the Serpentine Sackler Gallery in London which was designed by world-renowned architect Zaha Hadid.

Robert Neff, General Manager at Mercia Marina, commented: 'We are truly overwhelmed to not only have won the regional award but to have gone up against some hugely iconic competition to take the national award too. It's a stunning achievement. This is great recognition for all the careful thought and hard work that went into constructing a building that, first and foremost, needed to sit comfortably within the natural environment of the marina.'

Chief Executive of LABC Paul Everall said: 'This project is an excellent example of how a building can reflect the environmental context in which it is located. The result is a beautiful building that encompasses sympathetic and innovative design in addition to providing excellent facilities to the area.'

Friar Gate Welcomes Las Iguanas

Following on from the freehold purchase of 21-23 Friar Gate earlier this month, popular restaurant operator, Las Iguanas, is set to open on Monday 13th October.

Bondholder FHP worked closely with Las Iguanas to convince them that Derby is the ideal spot to invest in. FHP visited Derby on seven consecutive nights to survey how many people were in various outlets at various times; this evidenced to Las Iguanas that there was sufficient mid-week trade to justify their £1/2 million investment.

Las Iguanas creates delicious Latin American specialities with the freshest, highest quality produce from the best British suppliers and carefully sourced authentic ingredients from around the world.

This latest restaurant from Las Iguanas is a truly one-of-a-kind venture, taking the passion and spirit of the Grade II listed building on Friar Gate. The restaurant will be decorated with Latin wall art and artisan tiling with an authentic 18th Century bakery, there will also be a stunning double-height atrium with tumbling foliage, from which diners can watch the expert chefs at work in the open kitchen.

FHP’s Director, David Hargreaves, said: “FHP hope to announce two or three more new arrivals to the Derby market in the next few weeks to complement this letting and the various restaurant operators we have achieved at intu Derby.”