Investment News | 14 April 2021

Deal completed for historic Derbyshire mills site

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A deal has been completed to buy a historic Derbyshire mills complex, paving the way for its redevelopment.

Property group Clowes Developments has sold the 4.7-acre Milford Mills site to Chevin Homes, which has already applied for permission to demolish some of the factory buildings, while retaining all the historic features, including the mill building, a 40-metre chimney and village school.

Clowes bought Milford Mills, which adjoins the River Derwent on the A6 between Duffield and Belper, several years ago.

During its ownership, the mill has been utilised for office, retail, and warehouse purposes.

Additionally, there has been a car wash business located in the car park, a turbo electric company occupying the turbine house and Derbyshire County Council (BH) has established Milford Primary School within the grounds of the historic site.

John Fearnehough, director at Chevin Homes, said: “Chevin Homes is delighted to conclude this off-market deal with Clowes and look forward to regenerating this important and historic site.”

Thomas Clowes, surveyor at Clowes Developments, said: “It’s been a pleasure to be able to conclude the sale of this Derbyshire landmark to a well-respected local developer who will no doubt endeavour to nurture and regenerate the site to achieve its full potential. We wish them all the best for the future.”

Chevin has said it hopes to start work on the regeneration of the site later this year.

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