Over £1 billion investment opportunities in Derby and Derbyshire was announced as part of the Midlands UK’s second joint attendance at MIPIM, the global real estate show in Cannes last week.
26,000 real estate, city and political leaders, including 5,400 investors, from over 100 countries came together last week at MIPIM, the world’s leading international real estate business, conference and networking event.
For the second year Marketing Derby joined forces with investment promotion agencies, councils and organisations to represent Derby and Derbyshire as part of Midlands UK.
The Midlands UK Pavilion welcomed more than 4,700 visitors, a 57% increase on 2017’s event. More than 50 events were hosted by Midlands UK, including panel discussions and showcase presentations, featuring almost 100 speakers.
Visitors to the Pavillion included potential investors, property agents, developers and the media from more than 100 countries.
Team Derby had over 100 meetings including new to city as well as progressing existing contacts towards planning and completion.
The refreshed Midlands Engine portfolio highlighted £11 billion of investment £1 billion of which is investments in Derby.
Sir John Peace, Chair of the Midlands Engine said: “MIPIM provides the Midlands with a huge opportunity to showcase the region’s most valuable investment schemes potentially generating thousands of jobs and significant economic growth. The Midlands delegation engaged with more investors at MIPIM than ever before.”
John Forkin, Marketing Derby said: “The investment offer for Derby and Derbyshire has never been stronger with development opportunities for a range of asset classes and end-users and a clear rationale for why businesses choosing to locate here will thrive.
“The close collaboration between city and county shows the benefits of public-private partnerships to secure investment, and the team approach at MIPIM has created and developed much interest in Derby, Chesterfield and other parts of the county.”
Key announcements at the event included:
- St James Securities Limited was announced as the preferred bidder for the purchase of the former Debenhams building in the Becketwell area of Derby city centre which will be transformed into a significant residential and commercial development. St James Securities has a track record of changing the dynamics of city centres as destinations and bringing new life to them.
- Plans to build ca. 50,000 sq ft of extra space at Infinity Park Derby, which could cost in the region of £10m – further recognising Derby’s credentials as the UK Capital for Innovation. It is proposed that the AMRC is initially let space at Connect Derby’s iHub on Infinity Park – a state-of-the-art managed workspace, where they would co-locate with other hi-tech businesses, including new tenant Airbus which has taken two facilities totalling 1500 sq ft at the site.