investment

Derby's rail cluster expands again

A Scottish rail consultancy is the latest firm to open new premises in Derby, home to the world's largest cluster of rail companies for 175 years.

Racon, which provides consultancy services to the rail industry, will be moving into the newly-refurbished premises. Derby office manager, Steve Smith, said: "We were looking for a high quality office environment on Pride Park in close proximity to our customer base and Riverside Court fitted the bill perfectly in terms of providing a prestigious base from which to launch the Derby office."

Racon Management Services has taken 1,150 sq ft of space at 9 Riverside Court on Pride Park in a deal brokered by Bondholder FHP Property Consultants.

Innes England oversees Nelsons revamp

Sterne House on Lodge Lane

Bondholder and Derby-based law firm Nelsons Solicitors has undertaken a transformation project at its Sterne House office on Lodge Lane which is being overseen by fellow Bondholder Innes England.

Additions include an impressive glazed atrium as well as a brand new conference room on the building's top floor.

Mike Thorne, Director at Innes England said: "The building was in need of modernisation so having looked carefully at the options they decided that a refurbishment programme would deliver what they were looking for."

Staff at Nelsons have temporarily moved out of the building during the works and are expected to return early this year to an improved, high-quality working environment.

Nelsons has also secured the National Law Society's law management quality mark, Lexcel, for the eleventh year running - an optional, recognised accreditation scheme for law firms and in-house legal teams.

iBox expands onto Friar Gate

Bondholder iBox Security has announced 42 Friar Gate as its new headquarters following an impressive year of growth with a dozen new clients to add to its already impressive client base.

We have experienced major growth in the last year and to meet the needs of our increasing client base we need to invest in our people and our operations
— Sean Price, Managing Director at iBox-Security

The firm, which was previously based at Connect Derby's King's Chambers, has invested in office space totalling 1,900 sq ft and comes part of an ambitious five-year expansion plan.

Managing Director Sean Price said: "We have experienced major growth in the last year and to meet the needs of our increasing client base we need to invest in our people and our operations. This means taking a larger office space that can accommodate our growth, with the opportunity for even greater expansion over the next five years. In 2016 alone we expect to hire at least six new people to join our web, software and digital marketing teams. Strategically, Friar Gate is the perfect location for us, at the heart of Derby."

The new larger office space will enable a greater working environment for employees, as well as the opportunity and space for the company to expand its talent pool.

£2m cricket investment underway

Preliminary works on the site of the new £2 million Media Centre complex at The 3aaa County Ground has now started and signals the second phase of ground development.

Derbyshire County Cricket Club have a fantastic vision and they are delivering on that
— Ranjit Banwait, Leader of Derby City Council

Following the £1 million redevelopments of the 3aaa Pavillion and the Elite Performance Centre last winter, planning permission for the new centre has been granted. Derbyshire County Cricket Club is now working on final details with fellow Bondholder Derby City Council.

Chief Executive of Derbyshire County Cricket Club, Simon Storey, said: "We want to attract high-profile players, bigger crowds and more media coverage to The 3aaa County Ground."

"The new Media Centre will be a fantastic addition to the ground and provide us with the opportunity to support bigger matches, community events and our Women's Cricket World Cup 2017 bid."

Derby City Council leader Ranjit Banwait said: "We're delighted that cricket can make a positive impact to the local community, boosting the local economy and creating job opportunities for local people."

He continued: "With the construction of a new media facility, the Club hopes it can attract top-class international cricket to the city offering sporting excellence we can all share, starting with the Club's bid for Derby to be a host city at the 2017 Women's Cricket World Cup."

The new Media Centre complex is due to be complete in August 2016.

Click here to view cricket fixtures for 2016.

Marble Hall joins Connect Derby portfolio

Bondholder Connect Derby has added the iconic former Rolls-Royce building on Nightingale Road, Marble Hall, to its portfolio. It will be the first venture for Connect in the Community - a new initiative which aims to attract and support social enterprises, voluntary and community groups and charities to the area, along with new start-ups and growing businesses.

Marble Hall has been vacant since Rolls-Royce decided to relocate in 2007 and is the centre-piece of Derby City Council's Osmaston Regeneration Partnership. 

Over the past 12 months the grade-two listed building - one of the city's most recognised landmarks - has been the subject of a major refurbishment to transform it into a £4 million community hub of managed workspaces.

The development will include 42 high-spec offices in sizes from 100 sq ft to 800 sq ft plus a penthouse. Businesses will benefit from superfast broadband as well as a unique package of business support and mentoring. There will also be a nursery, meeting rooms and a café.

Ann Bhatti, Business Centres Manager at Connect Derby said: "Since it was launched in 2014, Connect Derby has been hugely successful in encouraging small business growth in the city centre, but we have recognised that there are many organisations that serve their local communities from outside the city centre."

Commercial property agents and Bondholder Rigby & Co is the letting agent for the Marble Hall scheme. Managing Director Russell Rigby said: "This is a fantastic opportunity for individuals and businesses to work from the iconic building where office staff supported the building of the Merlin engines that powered Second World War Spitfires."

He continued: "The Marble Hall scheme is a unique regeneration project, which when complete, will massively transform the whole of the Osmaston area. We are already receiving a high level of enquiries from potential occupiers and hope to be announcing the first occupiers shortly."

Refurbishment work is set to be completed towards the end of the year and the building ready for occupation in early Spring 2016.

Ivygrove continues industrial park success

It's certainly an exciting time for Bondholder Ivygrove Developments as it completes one huge project whilst embarking on a second.

The transformation of a historic site in Derby into a modern industrial park has now been completed with 26 buildings at Sawley Park now sold in a process which originally started back in 2010.

Given the recent success of Sawley Park and the added benefit that Eagle Park offers more prominence onto one of Derby’s busy arterial routes we would envisage that this scheme would have the same high level demand
— Chris Keogh, Associate at Salloway Property Consultants

The site was bought from Rolls-Royce and its buildings date back to the 19th century starting life as a lace mill for William Fletcher. 

John Blount, Chairman at Ivygrove Developments, said: "I am delighted that this development has proved successful during the worst economic period ever experienced."

Looking ahead, work on a new project is set to start soon on the former Derby Cables and then Draka International site.

The site, which started operating commercially back in 1929, closed in September 2012 and Ivygrove Developments then bought the site in 2014. The company specialises in transforming old and derelict industrial sites and the new Eagle Park development will create around 500 jobs.

John Blount said: "We have already received inquiries from interested parties and we are pleased to accommodate prominent companies such as Robinson, Pendragon, Eggleston Steel and Screwfix."

Chris Keogh, Associate at Salloway Property Consultants said: "Given the recent success of Sawley Park and the added benefit that Eagle Park offers more prominence onto one of Derby's busy arterial routes we would envisage that this scheme would have the same high level demand. Certainly, early interest in the site from both national and local business indicates that the appetite is there already."

HUUB secures six-figure deal for growth

Bondholder and designer of high-performance garments for triathletes HUUB Design has secured a £425,000 growth capital package from fellow Bondholder Santander Corporate and Commercial.

The company - which has endorsers including Formula 1 driver Jenson Button, London 2012 gold medallist Alistair Brownlee and celebrity chef Gordon Ramsay - secured the package to increase stock and invest in expanding.

I’m delighted with the ongoing success and expansion of the firm
— Dean Jackson, Managing Director at HUUB Design

HUUB is set to have a £2 million turnover this year and is poised to start 2016 with a record number of pre-orders from distributors and wholesalers.

Managing Director at HUUB, Dean Jackson, said: "HUUB has successfully filled a gap in the market by offering a premium product that delivers a genuine performance improvement for athletes of all abilities.

"During the development of the triathlon as a sport over the last few decades, wetsuits have actually evolved very little, aside from the development of more flexible and buoyant neoprene materials. HUUB has capitalised on this and I’m delighted with the ongoing success and expansion of the firm."

Cathedral Quarter Launches Prospectus

Bondholder Derby Cathedral Quarter Business Improvement District has launched its new high-quality prospectus which showcases strengths of the area, investment opportunities and details of developments.

The Cathedral Quarter is renowned for its historic setting, vibrant atmosphere and high-quality products. Already home to over 450 independent and national businesses, the new prospectus provides and overview of office and retail accommodation in the area. 

The largest sector in the Cathedral Quarter is professional services which makes up 37% of businesses. And, with 550,000 square feet of commercial office space available - including serviced office space via the Connect Derby scheme - there's plenty of room for more.

The Cathedral Quarter is an address which carries a kudos and value
— Martin Langsdale, Chair of the Cathedral Quarter Board

The second largest sector is retail, with top-notch retailers and the area boasting the highest density of premium brands in the city.

Martin Langsdale, a chartered surveyor and chair of the Cathedral Quarter Board, said: "We have seen a resurgence in both independent and national retailers looking to relocate or expand... The Cathedral Quarter is an address which carries a kudos and value."

Darren Severn from FHP Property Consultants explained: "The Cathedral Quarter is becoming increasingly popular and offers a very unique setting. It draws both high-end independent and national retailers as well as an excellent mixture of new bars and restaurants."