Derby-based developer Ivygrove Development’s successful Dunstall Park regeneration scheme has been brought to a satisfactory conclusion with the letting of the last remaining space.
Salloway Property Consultants, Ivygrove’s agents, have secured two tenants for the concluding block of units at the business park.
Totalling some 31,500 sq ft, the two units will be occupied by West Midlands-headquartered Advanced Maintenance Supplies Limited and Derby-based Riverside Medical Packaging Limited.
Hugo Beresford, the surveyor at Salloway who negotiated the two simultaneous lettings, is thrilled with the final outcome.
“I am delighted that we have been able to attract two high-calibre tenants to complete the final furlong. In tandem with Ivygrove, we were able to agree terms early enough in the construction process in order to meet the tenants’ requirements for slightly larger units than those initially planned.
“It is typical of Ivygrove to show flexibility and they should be congratulated for delivering yet another successful regeneration scheme in Derby which provides much needed workshop and warehouse space accommodation for forward-looking businesses.”
Dunstall Park occupies a former Rolls Royce car park site of some 7.18 acres, located just off Ascot Drive, on the Osmaston Park Industrial Estate. Following its completion, it now provides 21 business units totalling approximately 81,200 sq ft along with a new Police Station.
Salloway Property Consultants has worked closely with Ivygrove since the inception of Dunstall Park. Beresford outlined the process: “Initially we acquired the site for Ivygrove and our first deal saw an agreement with Derbyshire Constabulary to procure a new Police Station.
“Since then, Ivygrove has built a range of workshop units in their trademark high-quality style, all of which we have let or sold. The park is now the home for 19 progressive businesses. Ivygrove has already embarked upon its next project known as Merlin Park on Osmaston Road where we can offer new build industrial premises from 240 sq m, with practical completion of the first available units anticipated at the end of this year.”
