Investment News | 17 January 2024

Construction work begins on first building at 200-acre scheme

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A construction company has started work on a new regional hub for a delivery solutions firm at a brand new 200-acre development site.

Glencar is constructing the 20,400 sq ft design and build project at New Stanton Park, near Ilkeston, on behalf of Verdant Regeneration, which is a partnership between Ward Recycling and Trust Utilities.

The new building will be a regional hub for DX (Group) plc, a provider of delivery solutions, including parcel freight, secure courier and logistics services.

The project includes offices, external works, and features such as a raised dock and onsite parking.

The New Stanton Park development, with outline planning permission, aims to create up to 4,000 new jobs once fully developed.

David Grier, from Verdant Regeneration, said: “New Stanton Park offers an excellent strategic location, blending an active rail connection with strong private and public transport connectivity, plentiful labour, large power supply and high-volume water connection.

“When combined, we are confident this will result in a highly successful development with the next chapter set to positively transform and improve the area, bringing forward large-scale job creation in the process.”

Paul Ibbetson, chief executive of DX (Group) plc, said “DX is delighted to be announced as the first business taking space on New Stanton Park.

“The purchase of this site will enable us to create a major new regional hub and depot to service our group’s parcel freight activities.

“The new hub and depot will provide significant additional regional capacity, improve efficiency by reducing stem mileage and is in line with our plans to make strategic property investments.”

Glencar has said it expects to achieve practical completion by early April.

Pete Goodman, Glencar’s managing director for the Midlands, North and Ireland, said: “We are very happy to have been appointed by new customer Verdant Regeneration on what will be the first development to come out of the ground at this brand new strategically located development site which has been a long time in the planning.

“This development has been designed with sustainability at the core which when combined with large amounts of amenity and green space at New Stanton Park will see fishing ponds, rural walkways and cycle tracks all enhanced to link the site and wider communities.”

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