Go-ahead for more business park space

Property group Clowes Developments has received the green light to build more space at a business park near the Derbyshire/Nottinghamshire border.

The firm has been granted planning consent to speculatively build out Plot 5 at Castlewood Gateway, at Castlewood Business Park, off Junction 28 of the M1.

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It will create a 17,308 sq ft single story industrial warehouse unit with two storey offices.

The speculatively built unit will be located at the entrance of the business park, which has already seen 1.5 million sq ft of industrial space built and occupied.

In a joint statement, Tim Gilbertson and Chris Proctor, from FHP, who are marketing the site alongside Savills, said: “More space coming available at Castlewood is great news for the market at a time when we continue to see remarkable levels of demand across all sizes and spheres of the East Midlands commercial property market from both tenants and potential purchasers alike.

“It’s terrific that our clients here, Clowes Developments, are being so proactive and looking to speculatively develop space again at Castlewood Business Park.”