Latest News | 11 March 2021
Deal paves way for redevelopment of prime Derby site
Clowes Developments has agreed a deal to sell a prime site in Derby paving the way for its long-awaited redevelopment.
The property firm, based at Ednaston, near Ashbourne, is to sell the former Derby Fireplace Company building and surrounding land to London Metric for an undisclosed sum.
The site, which sits at the main A52 entrance to the Wyvern Retail Park, has been vacant for several years while Derby City Council carried out major works to improve access to Pride Park.
Permission has already been secured to build an M&S food store on the site – and it is understood that demolition of the derelict building could begin this summer.
Thomas Clowes, land and planning surveyor at Clowes Developments, said: “The deal marks a bright new future for this prominent site.
“We are delighted to see London Metric progress their plans to enhance an already thriving commercial hub with the addition of an M&S food store.”
Clowes has been working closely with London Metric, a major UK property investment group, to create what it describes as a flagship entrance to the Wyvern and Pride Park.
A joint planning application for the 15,000 sq ft food store was submitted back in November 2019.
Planning permission was granted in December last year and work on the project is likely to commence this summer.
The scheme can progress after work was completed on infrastructure and access improvements, including a brand-new £7.2 million bridge connecting Chaddesden and the commercial areas at the Wyvern and Pride Park.
The new bridge provides a dedicated link for pedestrians, cyclists, wheelchair, mobility scooter and pushchair users.
The bridge is also likely to be popular with Derby County Football Club supporters attending home games at Pride Park Stadium once government restrictions allow.
