Investment News | 26 February 2016
Ted Baker sashays into Derby
Iconic fashion brand Ted Baker has signed a deal to open a 325,000 sq ft distribution centre at Derby Commercial Park.
The pan-European distribution centre will create 250 jobs and handle all operations for the brand's retail, wholesale and eCommerce businesses across the continent.
data-animation-override>
“Ted Baker’s investment into Derby is greatly received and the expected 250 jobs or more over the coming year is warmly welcomed”
The facility, known as Angle 325, was speculatively built by Anglesea Logistics Partnership and Goodman Logistics. Marketing Derby Bondholder Goodman Development director Nigel Dolan added that its decision to partner with Anglesea Capital to speculatively develop the site was “more than vindicated” by the signing of the pre-let.
Martin Rawson, Deputy Leader of Derby City Council, commented: “The announcement of national retail brand Ted Baker taking 325,000 sq ft of space is a real coup for the city. Ted Baker's investment into Derby is greatly received and the expected 250 jobs or more over the coming year is warmly welcomed.”
John Forkin, Managing Director of Marketing Derby, said: “Marketing Derby and Derby City Council have worked closely with Bondholder Goodman Development and Anglesea Capital to help secure this major investment, bringing quality and much needed jobs into the city.”
Nick Hosking, Director at Bondholder Innes England, said: “The Ted Baker letting further reinforces Derby Commercial Park's position as one of the Midlands premier distribution locations. Alongside the Keuhne and Nagel letting we’ve now seen the best part of 1m sq ft of take-up at the scheme since Easter 2014.”
The Angle 325 facility will be fully operational in May after Ted Baker completes a fit-out.
