Work completes on business park’s final plot

Work on the last remaining plot at a business park on the Derbyshire/Nottinghamshire border has been completed.

Lead contractor Roe Developments has achieved practical completion on the last plot at Castlewood Business Park as part of the development funding deal between Clowes Developments and Hines.

Site owners Clowes instructed Roe Developments to build the 76,680 sq ft standalone unit as part of the 1.36 million sq ft portfolio with global real estate investment, development, and property manager, Hines.

The brand-new commercial unit features a 72,386 sq ft single storey warehouse and 4,294 sq ft office and welfare space.

In total, the Clowes/Hines partnership is developing eight state-of-the-art warehousing and light-industrial units covering a total of 126,347 square metres (1.36 million sq ft) across the East Midlands.

In 2022, the first of the units, a 195,000 sq ft warehouse was delivered at Dove Valley Park in South Derbyshire.

This year, a 342,000sq ft unit has been delivered at East Midlands Distribution Centre and an additional three units totalling 268,000 sq ft have been handed over at Fairham Business Park.

With the latest completion at Castlewood, there remains only two plots at Dove Valley Park, which are due to achieve practical completion early next year.

James Richards, development director at Clowes Developments, said: “Castlewood has been a brilliant site since we started development in 2010.

“Plot 10 is the last plot to be developed at this flagship site. With excellent transport links and direct access to the main arterial route through the Midlands, it’s no surprise that Castlewood has welcomed a number of nationally recognised names but also provided a unique opportunity for local businesses to grow and expand.

“We are extremely proud of this development, and we wish Hines all the best with their new unit.”

Greg Cooper, managing director at Hines in the UK, said: “The completion of Castlewood is another important milestone for our partnership with Clowes, with over 75% of the portfolio now successfully delivered.

“The quality of the offering at Castlewood is reflected in the strong interest we have received from several occupiers.

“We look forward to continuing our work with Clowes to deliver the remaining space at Dove Valley Park in early 2024.”