Property firm snaps up historic engineering site

Morgan Industrial Properties has revealed plans to redevelop the site of a historic engineering firm in Derby.

The firm, which specialises in the development of commercial property in the industrial and office sectors, has bought the former Ewart Chain site, in Shaftesbury Street.

MIP said it is planning a “significant redevelopment” of the five-acre employment site, creating new industrial units and jobs for the city.

The Ewart Chain site will provide some 90,000 sq ft of new-build industrial floor space to the market available on a leasehold basis.

A single unit of 90,000 sq ft with a railway connection can be provided, or smaller units will be available starting at 2,500 sq ft.

MIP, which is based in Alfreton Road, has a track record of creating business parks in and around the city.

Past projects include Northedge Business Park, in Alfreton Road, and Outrams Wharf Business Park, in Little Eaton.

David Powell, commercial property manager at MIP, said: “We are delighted to have acquired another strategic employment site in Derby in an established industrial location.

“The site will create a significant number of jobs and provide more high-quality industrial units to the market for local and national businesses.”

David Brown, director at David Brown Commercial, which secured the deal, said: “The site could provide a range of different sized units for business, industrial and storage users.

“The quality of MIP’s units is consistently high, and I anticipate strong levels of interest from businesses wanting to upgrade, grow or relocate.

“I am delighted that this redevelopment means that the former Ewart Chain site will continue to provide employment opportunities for the city of Derby.”