Latest News | 16 August 2023

Agents’ double deal sees business park full

Bondholders:
Rolls-Royce
Salloway
Ivygrove Developments
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Salloway Property Consultants has secured tenants for the last units at a business park created by Ivygrove Developments.

West Midlands-headquartered Advanced Maintenance Supplies and Derby-based Riverside Medical Packaging have taken the final two units at Dunstall Park, which total 31,500 sq ft.

Hugo Beresford, the surveyor at Salloway who negotiated the two lettings, said: “I’m 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, off Ascot Drive.

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.

Hugo said: “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, in Osmaston Road, where practical completion of the first available units is anticipated at the end of this year.”


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