Leading regional commercial property consultants Rigby & Co have been instructed by Grainger plc to find occupiers for the commercial element of their £37m Build to Rent development in the heart of Derby city centre.
The two prospective units are available at The Condor, the new 259 one and two bedroom home Build to Rent (BTR) development on Victoria Street in the city, which forms part of the £200m Becketwell regeneration scheme.
Two ground floor units are available, sized 2,366 sq. ft and 4,158 sq. ft respectively. Both units are suitable for a variety of uses including retail, leisure, office and food and beverage services.
Unit 1 benefits from full width frontage to the proposed new public square, which is scheduled for completion in March 2023, with some external seating available.
The units will be made available effectively as newly built shell space with appropriate on-site servicing.
The two commercial units sit on the ground floor of the residential tower with frontage to Victoria Street, which links with the intersection of St Peter’s Street and the Cornmarket and will become a key destination within the heart of Derby city centre.
The immediate vicinity is home to a number of well-known national and independent retailers including Primark, Cuba De Revolution, Turtle Bay, Superdrug, and Caffé Nero.
Both units will be ready for occupation at the end of Q1, 2023 when The Condor will reach practical completion.
The £200m Becketwell regeneration scheme, which is being developed by Leeds-based St James Securities, is the most significant urban regeneration scheme in the city for more than three decades.
The Becketwell scheme will create a vibrant, exciting, new quarter of residential, commercial leisure activity in the heart of Derby city centre.
Phase one is the delivery of The Condor, the city’s first ever purpose-built, Build to Rent scheme, which will be owned and operated by Grainger plc, the UK’s largest listed provider of private rental homes, along with the creation of a new multi-purpose public square.
Phase two of the scheme includes a major £45.8m 3,500-capacity performance venue, which will be operated by ASM Global, the world’s leading venue management and services company, and producer of live experiences.
Future planned phases of the scheme include the potential for a range of other complementary uses of the site including new grade A offices and commercial space, a hotel and multi-storey car park and purpose-built student residential.
Commenting on the commercial element of the scheme, Russell Rigby, managing director of Rigby & Co, said:
“We are thrilled that the UK’s largest listed residential landlord has chosen Rigby & Co to find two commercial tenants for The Condor, which is already rapidly transforming the skyline of Derby city centre.
“Having helped put the original deal together on behalf of St James Securities with Grainger, we have in-depth knowledge of the workings of the site and its enormous benefits and are already in discussions with a number of restaurants, cafés and other retailers who are keen to secure representation in the heart of the city centre.
“With Derby’s new 3,500 seat performance venue under construction alongside The Condor, the vibrancy and footfall around this site, at the heart of the historic core of the city centre, will radically change and improve over the next couple of years.”
For further information, contact Russell Rigby on 07894 641316 or email russellrigby@rigbyandco.com.