International property companies have been told that Derby, the UK’s number 1 hi-tech city, is open for the development of more Grade A office facilities.
Speaking at MIPIM – the international property show in Cannes – Deputy leader and Cabinet Member for Regeneration and the Economy, Cllr Martin Rawson, said that there is high demand for them but there is a low supply of these premium offices in the heart of the city.
The market has not delivered Grade A offices in the city centre in recent times so the Council has stepped in to fill the gap. As soon as we announced that we were constructing a 31,000 square foot four-storey Grade A office block, we started receiving calls from companies who were excited by the prospect of relocating their businesses into the city centre.
The Council is prepared to work with developers to arrive at mutually beneficial schemes that can fill the unmet need and enable the city centre to compete as a commercial business centre.
Come and talk to us. We are the third fastest growing city in the UK. We are open for business.
Grade A offices are the most prestigious buildings competing for premier office users. Buildings have high-quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence.
Development of Derby as a Business City is one of the four planks of the City Centre Masterplan which aims to deliver a £3.5 billion investment portfolio by 2030.
Work is well underway to deliver a £32 million Music and Performance Venue, a £10 million refurbishment of its 150-year Victorian Market Hall, a multi-million-pound mix-use development of the Becketwell area and a £16.4million Museum of Making at the Silk Mill, the world’s first factory and UNESCO World Heritage site.
In addition, the number of new housing units in the city centre has made the DE1 postcode the most sought after in recent times.
Cllr Rawson, told the international property show that a major focus is now being placed on providing a greater enabling environment for the business sector as work continues to develop Derby holistically as a City of Choice in which to live, work and play.