October 24th, 2019

St Francis Group and iSec announce major development to build five new warehouses

Detailed planning consent has been granted for 824,000 Sq Ft of industrial warehouse space on land next to Markham Vale off junction 29A of the M1.

St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration together with its Joint venture partners iSec have today announced details of a major new development on land next to Markham Vale off junction 29A of the M1 upon which it intends to develop five new warehouse developments.

The brownfield site has been unused since the Coalite works closed over a decade ago but now joint venture partners iSec and brownfield regeneration specialist St Francis Group will start ground works immediately to make plots ready for development. Occupiers could move into high quality industrial warehouse and manufacturing space from Q2 2021.

A second application seeking outline consent for an additional 500,000 sq ft in two units on adjoining land has also been submitted by the developers to North East Derbyshire District Council. At 1.32 million sq ft the scheme is destined to play a national role in the ever-expanding logistics market based on increasing demand from e-commerce channels.

The developers together with community leaders also want to make sure the business park provides a broad range of jobs across the manufacturing and technology sectors. As well as stimulating significant local job opportunities, the developers expect the scheme to stimulate fresh inward investment in the area boosting the local economy.

It is also planned to upgrade the surrounding road network with significant improvement works planned for Buttermilk Lane likely to start early next year.

Talking about the project, Gareth Williams, Development Director at St Francis Group said; “It is well documented that there is significant levels of pent up demand across the region and indeed the UK for high quality industrial units as businesses look to expand or relocate.

A considerable amount of time and effort has gone in to ensuring that this development will meet the very high standards expected by todays occupiers. The units will sit in a high-quality environment only minutes from the M1”.

Following a formal launch early next year, marketing will target occupiers looking for bespoke buildings, built to meet specific requirements. iSec and St Francis Group have instructed Knight Frank and CBRE as sole joint letting agents.

ENDS.

For further information and any media enquiries, please contact:

Nick Brown – MOMENTUS Group T: +44(0)7590 076105 E: nick@momentus-group.com

About St Francis Group

St Francis Group is leading UK-based property development & investment group and an expert in brownfield development and regeneration.

Founded in 1973, it has established itself as an innovative owner, manager and developer of high quality commercial and residential property. With in-house financial resources and a dynamic management team, it adopts a highly successful approach to brownfield renewal with opportunistic acquisitions, joint ventures, asset management and where necessary, a longer term strategic approach.

St Francis Group’s development pipeline covers all market sectors but with an emphasis on commercial and residential brownfield opportunities. The Group is currently managing the delivery of remediation and infrastructure projects to create residential plots and in excess of 5m sq. ft. of commercial space to meet present day occupier requirements across its portfolio.

St Francis Group has access to a wide range of demolition, decommissioning, decontamination and remediation specialisms enabling it to manage risk extremely effectively and often to the benefit of sellers.

Computer Generated Images of proposed development