Conder Developments Ltd, part of the CWC Group, has commenced its £10m speculative development of a 118,000 sq ft new distribution building on its Dove Valley Park site on the A50 at Foston, Derbyshire.
Constructed to a high specification, the new building is expected to attract a major occupier from the distribution and logistics industry creating in excess of 60 jobs. Paul Shanley, MD of Conder stated:
"The A50 dual carriageway is a major National trunk road serving both the M1 and M6. Dove Valley Park is located on a junction midway on the A50 giving it local, regional and National appeal as evidenced by our existing occupiers, JCB, Kuehne & Nagel and Futaba, to name just a few. The new unit known as DVP118 will address the shortage of such buildings in the Midlands. Works have commenced on site and are due to complete by next April...."
Frank McArdle, Chief Executive of South Derbyshire District Council visited site to witness the construction works under way and explained:
"We are delighted that DVP continues to grow, providing yet more jobs and investment in the district."
Heather Wheeler MP has followed developments at Dove Valley for several years and added:
"As MP for South Derbyshire I have always welcomed investment here. This new building is in absolutely the right place and I look forward to a major company taking on the premises bringing more jobs and security for our residents."
Conder have appointed Winvic construction who specialise in building 'big sheds' and have worked with the CWC Group on several major schemes over the last five years.
Stephen Salloway, Managing Director of Salloway Property Consultants, who are responsible for the marketing of the new 118,000 sq ft development further commented:
"The decision of Conder Developments to move forward with this speculative development reaffirms the strategic importance of the A50 corridor from a logistics perspective. We are witnessing increasing demand in the storage and distribution sector driven in part by growing on-line commerce. The desirability of Dove Valley Park is further reinforced by the availability of incoming businesses to draw on the diverse labour pool available in Derby, Stoke, Burton on Trent, Lichfield and Uttoxeter."
Marketing Details for the new distribution building can be found by clicking here.