Investment News | 16 September 2020
Horizon29 expansion underway
Joint venture partners St Francis Group and iSec have secured planning consent for a second phase at Horizon29, just off junction 29a of the M1.
The additional planning consent for three more industrial units ranging in size from 113,000 sq ft to 250,000 sq ft will bring the total space at the landmark scheme to an impressive 1.4m sq ft, with the potential to create more than 2,000 jobs for the region.
Work at Horizon29 is already underway with extensive groundworks completed and infrastructure changes and highways and service upgrades about to commence. The first phase of the development, for 824,000 sq ft across five units, ranging from 73,000 sq. ft to 310,000 sq. ft, was granted planning consent earlier in the year and plots are now available for development.
Gareth Williams, Development Director of St Francis Group, an expert in brownfield development and regeneration, said: “We and our partners, iSec, are delighted to have worked closely with the local planning authority in order to deliver this major consent for the second phase of our strategic logistics project, Horizon29. The East Midlands has seen a good take up of large, bespoke industrial premises over the last 12 months. We expect keen interest from a range of occupiers wanting first class accommodation, prime location and labour supply.”
Nigel Lax, Development Director of iSec said: “This scheme is one of the most prestigious industrial developments in the East Midlands and will not only deliver much needed, state-of-the-art space, set within highly landscaped grounds, but thousands of jobs for the region.
St Francis Group and iSec are working closely with North East Derbyshire District Council, Bolsover District Council, Derbyshire County Council and Local Enterprise Partnership, D2N2 which has provided grant assistance to the project. Mark Fletcher, Member of Parliament for Bolsover has recently visited the former Coalite site, near Markham Vale to check on the progress of the land preparation works.
Sajeeda Rose, chief executive at D2N2, which invested £5.79m into the project via the Local Growth Fund, added: “As we look towards the economic recovery from Coronavirus, we at D2N2 are delighted to see the Horizon29 site continue to expand into a scheme ready to deliver new jobs to the North-Derbyshire and wider economy.”
Nigel Lax said: “Horizon29 will be opening for business and available to logistics and manufacturing companies wanting to capitalise on an outstanding location close to Sheffield, Chesterfield, Nottingham and Derby.”
