LCR

DEGF creates over 800 Derby jobs

A new report by business consultants Carney Green has revealed various core achievements which have been made from Bondholder Derby City Council's Regional Growth Fund (RGF) in its mid-term evaluation.

One of the most prominent findings in the report was that over 800 new jobs have been created as a result of 135 businesses receiving grants and loans totalling over £23 million.

Additional achievements include:

  • access road and other key infrastructure completed for the 100-acre Infinity Park development;
  • construction of a 2.4km access road which ensures Infinity Park Derby is 'investment ready' and expected benefits include accommodating up to 8,000 jobs;
  • construction of the iHub - a flagship facility within Infinity Park;
  • £4.5 million improvements to the Railway Technical Centre (RTC) Business Park — ensuring the facility was retained within Derby;
  • 46 businesses provided with funding and business support through Bondholder Enscite, creating 35 jobs.

Councillor Ranjit Banwait, Leader of Derby City Council, said: "I am delighted to see the report pulls out our key successes such as the creation of over 800 new jobs, more than 130 businesses supported, 5 new businesses attracted to Derby, £18.6m of private sector funding secured and £13.7m of profits generated as a result of investment from the Regional Growth Fund (RGF)."

He continued: "Our collaboration and engagement with existing businesses across Derby has led to investment focusing on local needs, leading to clear and unequivocal gains for Derby."

Our collaboration and engagement with existing businesses across Derby has led to investment focusing on local needs, leading to clear and unequivocal gains for Derby.
— Councillor Ranjit Banwait, Leader of Derby City Council

Derby hosts its major Summit

Tomorrow at Derby's iPro Stadium, over 360 UK property professionals will hear from guest speakers and our Q&A panel about the latest developments and investment opportunities in Derby.

This year's theme is Thinking Global, Acting Local and host Declan Curry will welcome special guest speaker Courtney Fingar, Editor-in-Chief of Financial Times' fDi Magazine who will speak about the timely topic Brexit: Be Careful What You Wish For? Christine Durrant, Strategic Director of Derby City Council, will talk about how the city's masterplan is being delivered.

A guest panel, which will answer questions from the audience, includes Gavin Barry from Bondholder Prosperity Capital Partners (the investors behind the new student development, Cathedral Court), David Joy, Chief Executive of Bondholder LCR, David Ralph, Chief Executive of D2N2, Alexandra Notay of the ULI (and independent consultant) and Russell Davies from Bondholder legal firm Smith Partnership.

In anticipation of this year's Derby Property Summit, Deputy Leader of Derby City Council, Martin Rawson, said: "We are moving full steam ahead on delivering our Masterplan with the aim of levering billions of pounds of investment, creating new jobs and delivering new homes.  We want to develop a vibrant city centre which will be a City of Choice, a Business City, a Living City and a Connected City. Investors and businesses have been integral partners in the progress so far and we will need constructive and mutually-beneficial partnerships to drive forward the next wave of regeneration successes."

Sponsors of this year’s event include Smith PartnershipJustin Smith ArchitectsProsperity Capital PartnersLCRCompendium Living and Harrington Land.

First phase revamp completed at RTC

Derby's RTC Business Park - owned by Bondholder LCR - has seen its phase one redevelopment completed by Sanderson Weatherall which saw 48,500 sq ft of upgraded space as well as improvements to communal areas.

Chris Eglin, Partner at Sanderson Weatherall, said: "This modernisation of the RTC Business Park is elevating the quality of office accommodation available helping to attract new businesses to the park, whilst giving those that already operate there the opportunity to expand and grow."

Local joint agent Nick Hosking of Bondholder Innes England said: "The RTC has been a real unsung success story for the City over the last 18 months attracting occupiers including Siemens, Hitachi , Serco and Network Rail to the recently refurbished phase one space . Securing such rail and hi tech engineering jobs illustrates the benefit of LCR’s speculative refurbishment with the support of the City Council RGF."

The £3m scheme was part of a wider modernisation project. The RTC Business Park is home to 1,100 staff over 430,000 sq ft of space. The redevelopment was part-funded by Derby City Council's Regional Growth Fund.

Global giant opens at RTC

Global engineering giant Siemens has opened an office on the LCR-owned RTC Business Park in Derby.

Siemens needed a permanent base in Derby due to its involvement in upcoming projects in the area, such as the £137 million revamp of Derby Midland Station in 2018.

It’s a great pleasure to open this office. I’m very proud of what we’ve done here
— Matthew Kent, Delivery Director at Siemens

The new office has some staff transferred from Birmingham and some new recruits. Now working at the office is a team of 35, but there's also capacity to double the team.

Rob Morris, Delivery Director at Siemens, said: "We already have a great team of people here who have produced outstanding work with colleagues from Network Rail. Establishing the new office in the same building as Network Rail's team means we can continue to work just as closely but from our own permanent base - allowing us scope and capacity to grow quickly."

The team has already started work for the Derby station remodelling programme and Delivery Director Matthew Kent commented: "It's a great pleasure to open this office. I'm very proud of what we've done here."

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.