{"id":3139,"date":"2020-06-24T09:44:29","date_gmt":"2020-06-24T09:44:29","guid":{"rendered":"https:\/\/www.marketingderby.co.uk\/2020\/06\/24\/2020-6-24-450m-confidence-in-derby\/"},"modified":"2022-02-16T14:09:15","modified_gmt":"2022-02-16T14:09:15","slug":"2020-6-24-450m-confidence-in-derby","status":"publish","type":"post","link":"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/","title":{"rendered":"\u00a3450m confidence in Derby"},"content":{"rendered":"

Developers behind three schemes, worth a combined \u00a3450 million, that will transform Derby, have given a huge vote of confidence in the city\u2019s ability to bounce back following the pandemic. <\/p>\n

Directors of the three companies, who will, together, create hundreds of homes, shops, restaurants and offices, say they remain committed to their investments despite global financial turbulence caused by the current health crisis.<\/p>\n

And they say Derby is well-placed to recover strongly as economic activity increases with the easing of lockdown measures.<\/p>\n

The endorsements come from:<\/p>\n

– Wavensmere Homes, which is building 800 homes in a \u00a3150 million redevelopment of the historic former Derbyshire Royal Infirmary site;<\/p>\n

– Compendium Living, which is investing \u00a3100 million to create a further 800 homes and 35,000 sq ft of retail in the city\u2019s Castleward;<\/p>\n

– St James Securities Group, which will plough \u00a3200 million into developing hundreds of homes, offices, restaurants and cafes around a new public square at Becketwell, on the site of the former Debenhams store and Duckworth Square shopping centre.<\/p>\n

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Their confidence in the underlying strength of Derby\u2019s economy is a huge boost following news earlier this week that the city\u2019s largest private sector employer, Rolls-Royce, is to make thousands of redundancies across its global workforce. It is not yet known how many of those will be in Derby.<\/p>\n

Wavensmere publicly launched their Nightingale Quarter development at the beginning of the year and interest has been high in the one, two and three-bedroom houses and apartments being built for sale or rent.<\/p>\n

The company has developed a reputation over the past 15 years for delivering high-specification renovation projects and restoring heritage sites. Its Derby scheme includes conversion of two iconic \u2018pepper pot\u2019 towers into a caf\u00e9, gym and exhibition centre.<\/p>\n

Managing director James Dickens said: \u201cWe still feel extremely confident in Derby as a location, despite the current situation.<\/p>\n

\u201cWe are seeing great take-up from potential purchasers and investors in the current climate, with a number of sales and exchanges closing in the past few weeks. Now that surveyors and agents are back up and running, we see, due to the lack of available stock, this will have a positive impact on city centre housing.<\/p>\n

\u201cThese are unprecedented times and quality will shine through. Derby has a strong story and the businesses that underpin its local economy will adapt and persevere.\u201d<\/p>\n

Those sentiments were echoed by Dave Bullock, managing director of Compendium Living, which is moving forward with the latest phase of its Castleward scheme.<\/p>\n

\u201cWe are delighted to be making our planning application for the next phase of 82 new homes on John Street in Castleward,\u201d he said.<\/p>\n

\u201cWe are currently on site with 54 homes on Carrington Street and the next phase will bring our total of new homes in the area to 300, alongside the new shops, boulevard and Liversage Square that we have developed.<\/p>\n

\u201cWe are looking forward to continuing our investment in this great city over the coming years and to supporting its success.\u201d<\/p>\n

St James Securities secured outline planning permission for its scheme in February. The plans could create up to 2,700 jobs.<\/p>\n

Managing director Oliver Quarmby said: \u201cWe have been working up our regeneration proposals at Becketwell for two years now. The city and its council are fully supportive of the proposals which now, more than ever, are vital to promote and support a significant and sustained resurgence of the city centre.<\/p>\n

\u201cWe fully believe the fundamentals exist for a strong and confident recovery.\u201d<\/p>\n

Their confidence is also shared by prominent local developers Ivygrove Developments, who have been operating in the Derby market for decades and have just launched their Dunstall Park industrial scheme in the city as they approach completion of their successful Eagle Park and Westside Park projects.<\/p>\n

\u201cHaving been at the forefront of providing workshop and warehouse space to Derby\u2019s indigenous businesses for over 40 years, often through difficult times, I have found that Derby has the resilience to weather a storm, never experiencing dramatic spikes, up or down, regardless of the circumstances,\u201d said managing director John Blount.<\/p>\n

\u201cWe have every confidence that the current issues will be overcome and we will continue to invest in Derby to maintain the supply of buildings to meet ongoing demand.\u201d<\/p>\n

&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"

Developers behind three schemes, worth a combined \u00a3450 million, that will transform Derby, have given a huge vote […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3139","post","type-post","status-publish","format-standard","hentry","category-investment-news"],"acf":[],"yoast_head":"\n\u00a3450m confidence in Derby - Marketing Derby<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a3450m confidence in Derby - Marketing Derby\" \/>\n<meta property=\"og:description\" content=\"Developers behind three schemes, worth a combined \u00a3450 million, that will transform Derby, have given a huge vote […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/\" \/>\n<meta property=\"og:site_name\" content=\"Marketing Derby\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-24T09:44:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-16T14:09:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.marketingderby.co.uk\/app\/uploads\/2022\/02\/3_image28429.png\" \/>\n<meta name=\"author\" content=\"gaz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gaz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/\"},\"author\":{\"name\":\"gaz\",\"@id\":\"https:\/\/www.marketingderby.co.uk\/#\/schema\/person\/cb08e137b569518c00d28fc64ebbdd97\"},\"headline\":\"\u00a3450m confidence in Derby\",\"datePublished\":\"2020-06-24T09:44:29+00:00\",\"dateModified\":\"2022-02-16T14:09:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/\"},\"wordCount\":705,\"publisher\":{\"@id\":\"https:\/\/www.marketingderby.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.marketingderby.co.uk\/app\/uploads\/2022\/02\/3_image28429.png\",\"articleSection\":[\"Investment News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/\",\"url\":\"https:\/\/www.marketingderby.co.uk\/news\/2020-6-24-450m-confidence-in-derby\/\",\"name\":\"\u00a3450m confidence in Derby - 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