Derby Property Summit ready to launch

Invitations to this year’s Property Summit will be hitting inboxes this month.

The Summit, now in its sixth year, is the largest commercial property event in the region, with over 400 senior-level delegates due to attend from across the UK. The event will bring together regeneration, property and development, with insights from key industry speakers and city leaders.

It is a must-attend for anybody looking to do business in Midlands property.

Coverage of last years event.

After the huge success of recent years, the Summit has outgrown its previous home and will showcase a new, interactive format for the first time at the historic Roundhouse in Derby, adjacent to Derby Rail station.

For partnership opportunities, please contact Katie Delve at katie@marketingderby.co.uk.

East Midlands collaborate post-MIPIM

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The Midlands economy is in its strongest position yet to help reshape the new relationship with the EU and wider world, with the East Midlands poised to play a vital role. This was the message at the EM4 Summit, held at East Midlands Airport last month, which gave attendees the opportunity to hear from the region’s investment promotion agencies about the region’s strong investment narrative.

Home to more than 10 million people and 440,000 large and small businesses, the Midlands as a whole has more than £11bn in investment opportunities on offer. The East Midlands economy alone is worth over £100bn, the fastest growing outside London, and with a population of 4.7m, with a favourable number of both skilled workers and large businesses the region is set to prosper.

Marketing Derby, Invest in Leicester, Invest in Nottingham and other public and private sector businesses joined forces to represent their cities and counties to sell the narrative at this year’s MIPIM. EM4 guests heard about the success of the event, with the East Midlands an active part of the Midlands UK Pavilion which welcomed more than 4,700 visitors, a 57% increase on 2017.

The keynote presentation at EM4 was from leading national think-tank, Centre for Cities on why the East Midlands has such a strong offer for domestic and overseas investors. Other speakers included global property and construction consultants Gleeds, Henry Boot Developments and Rolls-Royce.

John Forkin, Managing Director of Marketing Derby said: “It is fantastic that the East Midlands work together to showcase the offerings within our region. Derby’s activity at MIPIM included over 100 meetings and an over-subscribed Embassy which resulted in a record number of leads.”

Plans are underway for the investment promotion agencies to work together on attracting London investors and developers at an event in the autumn.

The event is part of the "Invest in D2N2" project, which is part-funded by the European Regional Development Fund (ERDF) as part of the European Structural and Investment Growth programme 2014-2020.

Student city status on the up

The University of Derby’s offer to students continues to grow at pace with the 244-bed Agard Court due to handover in the coming weeks. The developer of the scheme, London-based Jensco, is right on schedule with the keys due to be handed over imminently as the University prepares for an August opening. This new 8-storey building is adjacent to the University’s Law School at the gateway to the University Quarter and will be the latest addition to its accommodation portfolio.

Progress is also continuing on Cathedral Road, as Prosperity Capital Partners develop the 320-bed scheme granted permission in late 2017. With piling complete, work is on schedule for an August 2019 opening. This is the second scheme from Prosperity following the £20 million 350-bed Cathedral Court which was sold to Aviva Investors ahead of completion. Progress on the build can be followed at Prosperity’s Youtube page, with the latest video to be found here - https://www.youtube.com/watch?v=Hh9CuwOPbaA

The University of Derby continues to go from strength to strength following its Gold rating in the Teaching Excellence Framework with its most recent award coming as a Finalist in the Global Teaching Excellence Awards in May 2018 and being shortlisted twice in the THE Awards.

Augmented reality public realm

A Made in Derby Walk of Fame has been launched following weeks of anticipation about whose names would be enshrined onto Derby’s streets.

The project, involves Derby City Council, the Derby Telegraph and local businesses, funded by D2N2 Local Enterprise Partnership.

The ten famous names include Alice Wheeldon, Bess of Hardwick, Brian Clough and Peter Taylor, John Hurt, Joseph Wright, Louis Martin, Philip Noel-Baker and Rolls and Royce.

John Forkin, Managing Director of Marketing Derby, sat on the project panel. He commented, “We decided to put Derby’s stars right in the heart of our regeneration priority area – St Peter’s Quarter, which sits between the award-winning Cathedral Quarter and the bustling Intu Derby.”

He continued, “We decided to engage the Derby public, asking who they thought deserved such recognition. An extensive campaign in the Derby Telegraph produced an astonishing 400 names with often passionate cases as to why this person should be fondly remembered.”

Visitors to the Walk of Fame are able to view information, and watch actors recreate the personalities by downloading the Made in Derby app to their mobile phones. The use of augmented reality has proven to be a great success with Derby residents so far.

An extension to the Walk of Fame is planned with names to be chosen soon.

Amazon moves to East Midlands

Online retail giant Amazon is set to be the first tenant of a £700m distribution hub near East Midlands Airport (EMA) which is the UK’s busiest pure cargo airport and handles over 320,000 tonnes of flown cargo every year. EMA is already the UK hub for DHL and UPS, and support operations for TNT and Royal Mail.

It is understood that Amazon has agreed a deal to occupy a 500,000 sq ft unit at the Logistics Park East Midlands Gateway, next to junction 24 of the M1, creating 3,500 jobs.

The site is expected to be completed by April 2019.  

East Midlands Gateway has planning consent for up to six million sq ft of logistics space and will incorporate a 50-acre strategic rail freight interchange and is expected to have around ten distribution units.

The rail freight hub links directly to the Castle Donington freight line, which provides access to major UK ports such as Southampton, Felixstowe and London Gateway.

To infinity and beyond

Derby City Council has signed a collaboration agreement with the D2N2 Local Enterprise Partnership and one of the world’s leading manufacturing research institutions to open a new facility on Infinity Park Derby, the city’s Enterprise Zone.

Proposals have been approved to enable the University of Sheffield Advanced Manufacturing Research Centre (AMRC) to establish a new 50,000 sq ft base on Infinity Park which will be an extension of the existing iHub and allow more new technologies to be delivered regionally.
This will establish a new multi-million pound innovation facility at Infinity Park, the 100-acre manufacturing-focused commercial and technology site located next to the world headquarters of Rolls-Royce civil aerospace.

AMRC was established by the University of Sheffield in 2001 and has developed into a cluster of innovation centres focusing on the UK’s key engineering industries.
It recently helped secure more than £100m in inward investment to the Sheffield City region from Boeing, Rolls-Royce and McLaren and is looking to replicate its success with the new research centre at Infinity Park, which it hopes will attract firms seeking to develop new technologies to the city.

The agreement will support Derby City Council and D2N2’s bold strategy for improving the region’s economic growth, skills and jobs whilst the site will receive Catapult Centre status as a nationally-recognised centre for hi-tech research and business growth.
D2N2 is allocating £12.9million to Infinity Park from its Local Growth Fund allocation over six years to help improve infrastructure on the site.

Commenting on the agreement, Councillor Martin Rawson, Cabinet Member for Regeneration and the Economy, said: “The iHub is a real beacon for innovation and growth and is now home to some of the most inspiring SMEs from across the UK’s planes, trains and automobiles sector. With Rolls-Royce and many other of high-tech companies in the area, it makes perfect sense to house the new innovation centre close by on Infinity Park.”

“We hope that AMRC’s expertise for research and innovation, coupled with the city’s strong skills base, will reinforce Derby’s reputation as the go-to place for global manufacturing companies and act as a catalyst for attracting even more high-tech engineering and manufacturing companies to Infinity Park.”
 
Andrew Storer, CEO of AMRC’s energy centre, added: “AMRC aims to build a world-class manufacturing base here in the UK. We have succeeded in making the Sheffield City Region a magnet for inward investment. Now, with the support of Derby City Council and D2N2 we hope to have the same impact here at Infinity Park.”

“The new Derby facility has the potential for cross-sector activities, which we hope will enable us to expand our work into new areas of research.”

Landmark future for Derby

Landmark Future for Derby

Godwin Developments has unveiled plans for a 200-unit £32m PRS scheme for Derby city centre. Following a public consultation which took place on Monday 16th April, plans are due to be submitted by the end of the month for the building, which, at 17 storeys, would be Derby’s tallest. The plans follow 12 months of pre-planning for the site which is a brownfield location on the North Riverside part of the city centre.

The scheme is likely to incorporate facilities such as a gym, concierge, 24hr reception, cinema room and residents’ lounges. Solar panels, electric car charging points, bike schemes and Amazon lockers are also expected to feature.

Stephen Pratt, Director at Godwin Developments said, “We are really excited to be bringing this scheme to Derby. The economic, social and cultural regeneration of the city centre is impressive and we believe The Landmark will be a market-leading city living development.”

John Forkin, Managing Director at Marketing Derby, said, “We are thrilled to see these plans for an iconic residential development that makes a statement about the ambitions of Derby to be seen as a progressive, 21st century city.”

PRS Approval for Derby

A 105-unit PRS development has received planning approval in Derby city centre.

The apartments, split between two blocks, reach a height of 13 storeys and overlook the River Derwent from Derby’s North Riverside and will provide high-quality, long-term rental accommodation for professionals in the city. With Derby’s hi-tech economy, high average workplace salaries and graduate workforce, this type of accommodation is extremely important to providing suitable homes for the labour market.

Derby City Council Planning Committee member, Cllr Baggy Shanker, said, “We want Derby to be a vibrant and modern city. We need modern city centre living to meet the demands of our city and its residents. It’s schemes like this that will turn us into a vibrant city.”

Tom Erskine, Inward Investment Executive at Marketing Derby said, “It’s important for Derby to have a variety of housing tenures, and we are severely under-served in high quality city living options. It is therefore vital that brownfield sites like this, which provide an opportunity for quality regeneration, are built on with the sort of accommodation that people want. The size of these sites demand density in development and, the influx of 150 residents to this part of the city will have an extremely positive impact on the safety and economy of the area around it.”

New Apartments for City Centre

Another 100 apartments have gone on sale in Derby City Centre, as part of the second phase of the Heritage Gate development. 

The first phase of the project sold-out within a couple of months, and brought a total of 86 newly-converted apartments to Derby.

The development, an office to residential conversion, is being developed by UK-based property business, Regency Residential.

Paul Birds, branch partner at Bagshaws Residential who are dealing with enquiries for the apartment, said: "I think the apartments have been so popular because of the location, it is in the heart of the city centre and also because there is allocated parking, one space per apartment, as well.

"There has been a mixture of people wanting to make investments and first-time buyers as well so they're really appealing to both markets. People are impressed with the size of some of the flats and the quality too."
 


 

 

Rolls-Royce's Billion Dollar Orders

Rolls-Royce has won an order from Hawaiian Airlines for Rolls-Royce Trent 700 engines to power an additional Airbus A330 aircraft, supported by Rolls-Royce’s engine service, TotalCare®.

The airline already operates 23 Rolls-Royce powered A330 aircraft, and has previously placed an order for six A330neo aircraft, to be powered by the Rolls-Royce Trent 7000 engine.

Marc Kup, senior director fleet transactions, Hawaiian Airlines, said: “We are very pleased to have selected the Rolls-Royce Trent 700 engine to power our new Airbus A330. This has proved to be a winning combination for us, delivering impressive efficiency and durability.”

Lewis Prebble, Rolls-Royce, senior vice president, customers – civil aerospace, said: “Hawaiian Airlines is a valued customer that continues to develop its fleet for future growth. We are delighted to be part of that story through the Trent 700 engine, which has proven itself to be the engine of choice for A330 customers.”

Earlier this month, Rolls-Royce was awarded a $1.7bn order from Singapore Airlines for Trent 1000 engines to power 19 Boeing 787 Dreamliner aircraft. The engines will be covered by Rolls-Royce’s flagship engine service, TotalCare®.

The order builds on a decades-long strong relationship between Rolls-Royce and Singapore Airlines. In addition to the Trent 1000, operated by its subsidiary Scoot, Singapore Airlines also operates the Trent XWB, Trent 900, Trent 800 and Trent 700.

intu's £3.5 Million Investment

Bondholder intu Derby has invested £3.5 million into their new leisure schemes. 

The shopping centre will play host to an indoor golf facility, and an American-themed bowling alley. 

Paradise Island Adventure Golf will allow players to choose from two 18-hole golf course, set amid a tropical Island.

Craig Nichol, Marketing Manager at Paradise Island Adventure Golf, said: “We’re really looking forward to introducing our indoor adventure golf concept to Derby this year. Adventure golf is fast becoming one of the most popular attractions on the UK leisure scene and there is currently nothing like this available in the area, so to be able to bring a new leisure experience is really exciting.

Hollywood Bowl offers patrons an American-themed bowling experience, as well a Hollywood diner featuring gourmet burgers. 

The 18 lane bowling complex will create up to 30 new jobs. 

Steve Burns, CEO at The Hollywood Bowl Group, said: "As the UK's largest bowling company, we're delighted to be opening a brand new centre in Derby.

"We are very excited to be bringing our new, state-of-the-art entertainment venue to Derby."

Marketing Derby Joins the British Property Federation

Marketing Derby has joined the British Property Federation, the trade association for UK residential and commercial real estate companies.

The BPF “works with Government and regulatory bodies to help the real estate industry grow and thrive, to the benefit of its members and the economy as a whole.”. It comments regularly on proposed Government policies that will impact its members, including topics such as infrastructure, and Build-to-Rent development.

After attending the BPF's conference in 2016, Marketing Derby found its works in the fields of regeneration and development fitted well with some of the key priorities of the Federation, and its members. 

STEM Building Reaches Completion

Celebrations have taken place this week at the University of Derby’s new £12.5 million STEM building following completion on site by contractor Willmott Dixon.

The new building focuses on real-world learning, combining functional space with infrastructure designed for the specific needs of engineering and computing studies.

The STEM building has increased the size of the university’s existing site at Markeaton Street by 30 percent, creating much-needed space on the campus.

Hari Punchihewa, deputy chief executive and finance director at the University of Derby, said: “We are thrilled that the work on our STEM facility by Willmott Dixon is complete.

“It is an outstanding centre, setting the University of Derby apart from other institutions, and an environment which will allow our students to gain first-class academic knowledge in science, technology, engineering and mathematics and also to carry out research work using state-of- the-art equipment and laboratories.

“We look forward to being able to use the building and sharing the facility with current and prospective students”.

Chris Hufford, operations director at Willmott Dixon, said: “We are extremely proud to have been part of this project which has transformed the University of Derby’s campus and enhanced its teaching facilities. The new STEM building is a great example of our commitment to BIM and its multitude of benefits, utilising BIM helped our teams to work strategically throughout the construction process and achieve a high-quality finish we are proud of”.

The new STEM building has been constructed to Building Research Establishment Environmental Assessment Methodology (BREEAM) “Very Good” standards.

Estates Gazette Eyes Masterplan

The regeneration of Derby city centre is set to take off as the national press starts to focus on the opportunities available.

Estates Gazette has featured the city as a prime example of regional opportunities for regeneration projects, with key sites such as the Assembly Rooms, Becket Well, Middleton House and Riverlights 2 attracting much of the attention.

The Assembly Rooms site, also featuring the Market Place and Market Hall, will be the location for a new performance venue with a range of options on the table. Replacing the existing Assembly Rooms building, the scheme is earmarked for a performance venue that will rejuvenate the heart of the city.

Becket Well has been earmarked for regeneration for over 20 years and seems set to finally be brought forward. With Derby City Council close to finalising the purchase of the former Debenhams department store, a package of potential retail, leisure and residential opportunities will be brought to market in 2017.

With Riverlights 2 still under discussion for a potential bus station extension, Middleton House is the final site and is set to come to market in early 2017. Situated at the heart of the historic Cathedral Quarter, this 35,693 sq ft former office space has a Grade II Listed front and has the potential to be converted into an outstanding residential opportunity.

For further information about any of these sites, please contact Tom Erskine at tom.erskine@marketingderby.co.uk.

Property Week's Retail Hotspot

The latest edition of the annual Hot 100 Retail Locations has been published by Property Week, and sees Derby as the highest-ranked location in the East Midlands.

Ranked in 21st place, Derby is seen as an outstanding location for retail investment potential, with a large population catchment area and its existing retail offer.

The city has seen its retail sector perform strongly in 2016 with new openings from national brands such as Dr Marten’s, Joules, Cath Kidston and MAC, whilst the independent sector has also grown with new openings alongside expansions.

This is set to continue with brands such as Jack Wills also due to open in the city. The potential is there for significantly more premium brands to locate to Derby in the near future.

If you are keen to explore why Derby is an excellent location for premium retail brands, please contact Jimmy Drew or Tom Erskine at Marketing Derby via jimmy.drew@marketingderby.co.uk or tom.erskine@marketingderby.co.uk.

Derbyshire in China

A delegation of Derby and Derbyshire businesses and civic leaders, travelled to China in November, as part of a wider Midlands Engine trade and investment mission.

They visited China with the aims of furthering civic and economic partnerships with the city of Hefei in Anhui province, which could potentially boost trade and tourism. They also furthered university to university partnerships, which could bring Chinese students and visitors to Derby.

Councillor Ranjit Banwait, leader of Derby City Council, said: “This is a big opportunity for the city, China is a superpower and we’ve got the opportunity to do business with them. This is our opportunity to be part of the world stage and to sit alongside the greatest cities in the world.”

Councillor Martin Rawson, deputy leader of Derby City Council, said: “This partnership will open doors to so many opportunities for business, investment, culture and tourism. The visit is a very strong statement of intent and the synergies between the Derby and Derbyshire offer. The opportunities in Hefei and Anhui are very clear.”

The delegation, was received extremely well with a Memorandum of Understanding signed by both cities and regions to allow collaboration and innovation between all parties to get underway, whilst the Universities signed agreements of their own as well.

The visit was part of the Midlands Engine mission, co-ordinated by the China-Britain Business Council, which saw delegations from cities across the Midlands meeting with partners across China, before coming together in Shanghai to present a united front to Chinese civic and business leaders and investors.

Derby at the Ritz

In preparation for MIPIM UK, Marketing Derby held a private investor reception at the Ritz on Tuesday evening, to showcase why Derby is an excellent opportunity for investment.

In a demonstration of the city's successful private-public partnership approach, ambassadors from Derby's public and private sectors came together with UK investors and developers to highlight some of the city's recent development successes and pipeline projects, as well as the next wave of opportunities. 

Speaking at the event, Managing Director John Forkin said: "Derby has already attracted £3bn of investment, but the city is still a work in progress, which is why we are delighted to see so many colleagues from the investment community."

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Following a welcome from Deputy Leader of Derby City Council, Cllr Martin Rawson, guests heard from John Forkin, managing director of Marketing Derby, and Paul Harris, Director of Economic Development at Rolls-Royce plc, who spoke about the importance of its Derby HQ in its global operations, its investment plans for the city, including a civil aerospace campus, and its support for Derby's Enterprise Zone, Infinity Park Derby which, with its position alongside Rolls-Royce's civil aerospace HQ, will be a key site for the UK's advanced manufacturing sectors.

Derby heads to MIPIM UK

A delegation of public and private sector representatives from Derby, led by Marketing Derby, is exhibiting at London property convention MIPIM UK this week.

The delegation includes representatives from Marketing Derby, Derby City Council, Cushman & Wakefield and Smith Partnership

Held at the Olympia in London, MIPIM UK is the UK’s largest exhibition and conference for property professionals. Derby has exhibited at the conference since its inception, showcasing the city’s latest development opportunities. 

This year, the next wave of opportunities available in Derby, including Derby City Council sites coming to market, and development opportunities at Derby’s Enterprise Zone, Infinity Park Derby, will be discussed with investors at MIPIM UK.

John Forkin, Managing Director of Marketing Derby, said: “Two years ago we attended the first MIPIM UK to be held in London, where we launched a campaign to attract residential investment to support Derby’s growth ambitions.

“We had a tremendous response and some of the buildings recently constructed, or currently going through planning, are a direct result of this.

“This year we are focusing on the City Centre Masterplan to raise awareness of opportunities and Derby City Council sites about to come to market.”

 

 

Bright future for St James' Yard

Plans have been submitted to Derby City Council for a new 11,000 sq ft leisure destination in Derby’s historic Cathedral Quarter.

Situated close to existing operators such as Turtle Bay, Revolution and Walkabout, St James’ Yard consists of two tram sheds in a state of disrepair which landowner, Clowes Developments, proposes to renovate to provide character buildings for entertainment and retail use. 

The plans are currently being considered by Derby City Council and, if approved, could lead to a second phase of work at the site. This would comprise the removal of the adjacent car park and construction of new build units to provide space for eating and drinking.  A new access point will also be created from The Strand.

The aim of the project is to transform St James’ Yard into a lively “central piazza”.

Premium retail expansion

Following on from openings by Dr Marten’s and Joules, two further retail giants have announced their imminent arrival in Derby.

Cath Kidston are set to open in the intu Derby shopping centre, whilst Jack Wills are currently recruiting for a new shop in the city’s Cathedral Quarter.

Their arrival continues the trend of premium retailers coming to Derby as confidence grows in the city as a retail destination.

Tom Erskine, Inward Investment Executive at Marketing Derby, said "The arrival of brands like White Stuff, Office and Dr Martens will have been noted by other brands who were looking at Derby. Joules, Cath Kidston and Jack Wills will be following them here - having seen that Derby can be successful for them as well."

Derby was named in research by CACI for Property Week earlier this year as a Top 10 location for premium retail opportunity.

Mr Erskine said: "Their analysis shows Derby as a top ten location for premium retail opportunity. When organisations like that start giving the same message as the city does, in addition to successful trading by brands already here, the decision is much easier for premium retailers."