Construction work has started on a 55,000 sq ft industrial warehouse which is being developed on a speculative basis.
MV55 is the newest addition to Markham Vale, a 200-acre industrial and logistics development located at Junction 29A of the M1 – a joint venture between Henry Boot Developments (HBD) and Derbyshire County Council. Markham Vale is home to the likes of Great Bear, Gist, Ferdinand Bilstein and Sterigenics.
This latest building fronts the M1 and includes flexible office space ranging from 2,500 sq ft – 5,000 sq ft alongside high-quality industrial facilities and 50 on-site parking spaces.
Andrew Priestley, Development Surveyor at HBD, said: “Our decision to build our latest unit at Markham Vale on a speculative basis is very much a reflection of the strength of the market and continued demand for high-quality, well located industrial property. There is an acute shortage of good quality industrial space across the Yorkshire and East Midlands markets, particularly for buildings between 20,000 sq ft and 100,000 sq ft, resulting in a high degree of latent demand for new-build product like MV55.
“We currently have a total of 108,000 sq ft under construction at Markham Vale, with this latest unit scheduled to complete in September along with Protec International’s new purpose-built premises, which started on site last month. Initial conversations have been very positive – businesses are keen to capitalise on its location as well as the high-quality build, which is something occupiers can always count on from HBD.”
Derbyshire County Council Cabinet Member for Economic Development and Regeneration, Councillor Tony King, added: “This is a great opportunity for another business to join our thriving Markham Vale site. This plot has a lot to offer with great links to the M1 and a skilled workforce, high-quality industrial facilities and flexible office space.”