Investment News | 24 June 2020

Major Build To Rent scheme approved

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A high quality, £30m Build To Rent scheme, bringing £68m of economic benefit to Derby, has been given the go-ahead for the city's North Riverside.

The 17-storey The Landmark scheme by Godwin Developments will bring 201 apartments to the city centre, consitsing of a mix of one-and two-bedroom apartments and including a range of resident amenities such as a gym, concierge, lounge, guest suite and coffee area.

Having received outline approval from planners in 2019, last week Derby City Council's planning committee reconsidered the application following a technical review on concerns that it could impact on the Derwent Valley World Heritage Site. Mmebrs of the commitee agreed that permission for the scheme be granted, recognising the economic benefits of the scheme for Derby.


Stephen Pratt, group land director at Godwin Developments, said: “We’re absolutely delighted that Derby City Council approved once again our proposals for The Landmark. It is a huge vote of confidence for the city and its ambition for the future. We are passionate promoters of Derby and its potential to reinvent itself through attracting additional employment and strengthening its city centre.”

He went on to say: “We would like to thank the members of the planning committee for recognising and affirming once again the substantial economic, social and environmental benefits this scheme will bring to the city.

“We are also extremely grateful to the support and encouragement we received in the planning process by a number of local stakeholders – businesses, the local community, local heritage experts Lathams and many more.”

John Forkin, managing director of Marketing Derby, the investment promotion agency for the city and county, said: “Marketing Derby is delighted that councillors have voted to support the development of The Landmark in Derby.

“As an organisation, we have supported the developer and their plans every step of the way. Derby will now get the investment and profile it deserves with this ambitious and high-quality development.”

The Landmark will be referred to the Secretary of State for final approval, although they have nodded the scheme through once before.


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