Ground broken at £20m HQ for fast-growing pharmacy chain

St Francis Group, a property development and investment group, and its joint venture partner ALMCOR have officially broken ground on a new 113,000 sq ft robot led HQ/warehouse for fast growing Chesterfield-based pharmacy chain Peak Pharmacy at its Horizon 29 industrial development site at Bolsover, North Derbyshire. Works on the £20m ultra-modern headquarters and facility commenced at the start of June and are accelerating rapidly. The new facility will use state of the art robotics and automated systems to support staff handling over 400,000 medicines and other prescribed items every month, equating to 20,000 a day, more than 40 every minute. The new Pharmacy Service Centre will handle prescriptions and dispatch medicines for the firm’s 150 community pharmacies across England. Prescriptions will be assembled for individual patients, then either delivered to local pharmacies for collection the next day, or direct to patients’ homes. The new hub is expected to take nine months to build and due to open in April next year. It will house up to 100 staff, with the potential to grow into a 24-hour operation in future. MCS Construction has been appointed as the main building contractor. St Francis Group also acknowledges the support of the Northeast Derbyshire District Council, Bolsover District Council, Derbyshire County Council and the D2N2 LEP in bringing this development forward. Speaking about the start on site Gareth Williams, development director at St Francis Group, said: “We are absolutely delighted to have formally marked the start of works onsite and to be building this fantastic new facility for fast-growing customer Peak Pharmacy with the team onsite already having made significant progress. “This new facility serves as the first unit to be built at Horizon 29, welcoming our first occupier. Since we commenced the extensive remediation of the site interest in the scheme has been extensive and the recent sale by the JV of 80 acres of land to BentallGreenOak for the speculative development of 1.2 million sq ft of warehouse and logistics space speaks to that. “We look forward to working with the team at Peak Pharmacy and delivering a first-class facility next year.” Joe Cattee, Managing Director of Peak Pharmacy, said: “These are ambitious plans for our company, staff and customers – in the face of a rapidly changing pharmacy landscape. “This new facility will be truly transformational for us. We’re investing now to future-proof our business, so that we can continue to provide great local customer service which means so much to us. “We are very pleased to be working with St Francis and ALMCOR and the full project team and look forward to seeing the development rise out of the ground as it happens.”

6 acre Nottingham site to be acquired by Lidl

FHP have negotiated the acquisition of a 6.6 acre site next to the Nottingham City Hospital for Lidl on a subject to planning basis. The site was marketed jointly by Nottingham City Council and Stephen Hemming of Lambert Smith Hampton – Birmingham. David Hargreaves said: “This is a much larger site than the typical Lidl site of 2 acres. FHP provided advice to Lidl about the development options for the likely surplus land of some 4 acres and because the location will fill a gap in the Lidl network in Nottingham they decided to buy the whole site subject to planning.” FHP subsequently agreed terms on behalf of Lidl with MyPad to sell on the surplus land subject to planning which will be developed to provide new Affordable Family Housing. A mixed use joint Planning Application has now been submitted to Nottingham City Council by Lidl and MyPad. Hargreaves said: “This acquisition is a great example of the flexibility that Lidl bring to their site acquisition programme, whilst demonstrating FHP’s ability through our market knowledge and contacts to be able to underwrite risk for our clients.” It is hoped planning consent will be secured this summer with Lidl opening Spring 2023.

Phase 2 of College Retail Park in Derby sold

FHP acting on behalf of Wheatcroft Land have sold a 1.2 acre site on Burton Road, Derby to Burney Capital Partners, a specialist roadside developer. David Hargreaves of FHP, who handled the sale, said: “The whole site had been used for many years as a Pay & Display Car Park, but when Catherine Haward took over the running of the company from her father plans were put in place to develop out the prominent 3.15 acre site. “The first phase saw the sale of land to Aldi who built a 20,000 sq ft food store, whilst the remaining land was to be developed for unit shops for which Planning Consent was secured. “However, as the Wheatcroft Homes Business expanded, it was decided to sell the site to release funds to build more houses with a new 17 House development site subsequently acquired.” After a couple of false starts, terms were agreed with Darren Burney for a sale on an unconditional basis with the sale quickly completed early Summer. The Burney Group are proposing to develop 2 Drive Thru Restaurants on the site and a 3,500 sq ft Retail Unit, subject to planning. Catherine Haward of Wheatcroft Land said: “We are delighted that FHP were able to secure a quick and easy sale enabling us to further invest in our new homes developments and our forthcoming scheme of 17 stunning new homes and barn conversions in Kirby Muxloe in Leicestershire.” Nottingham and Derby based FHP Property Consultants acted for Wheatcroft Land in conjunction with Siobhan Smyth of Knights who acted on the legal side of the sale to the Burney Group, who represented themselves.

Frasers Group reports record-breaking year

Frasers Group has hailed a record-breaking year in an unaudited full year trading update for the 52 weeks to 24 April 2022. The Shirebrook-based retail group said it was “delighted” as it recorded adjusted profit before tax of £344.8m, “despite the significant economic headwinds and well-chronicled challenges across the sector.” Group revenue meanwhile grew 30.9% to £4.7bn, up from £3.6bn in the prior year. UK sports retail revenue increased by 31.2%, which Frasers said was largely due to the strong reopening of stores after the last lockdown in March 2021 and the comparative period being impacted by lockdowns as a result of COVID-19. Premium lifestyle revenue increased by 43.6%, largely due to new FLANNELS stores, continued growth in online, and the strong reopening of stores after the last lockdown in March 2021. Furthermore European retail revenue increased by 28.4%, largely due to strong growth in Ireland and the lockdowns experienced in the prior year. Frasers Group noted that it is now confident of achieving adjusted profit before tax of between £450m and £500m for the next financial year. Michael Murray, Chief Executive of Frasers Group, said: “I am really proud of the record performance we’ve announced today. “It’s clear that our elevation strategy is working and we are building incredible momentum with new store openings, digital capabilities and deeper brand partnerships across all of our divisions. “We’ve got the right strategy, team and determination to keep driving our business from strength to strength.”

Intellectual property law firm secures 15,000 sq ft of space in Nottingham

Intellectual property law firm, Potter Clarkson is moving to new offices in the heart of Nottingham city centre, with Geo Hallam & Sons securing a 10-year lease on 15,000 square feet of space at Chapel Quarter. The search for new space has been driven by a desire to provide a modern, sustainable and technologically advanced office environment, which more closely supports the new working practices established during the pandemic. It also follows the recent relocation of the firm’s London team. In an unusual transaction, the accommodation has been acquired in it’s existing un-refurbished condition which will be stripped back to a shell, fully refurbished and fitted out as Grade A offices by Claremont Group Interiors, with an element of the cost being funded by the landlord. The refurbishment works are due to commence shortly with Potter Clarkson set to relocate from their existing offices in January 2023. Steve Smith, managing partner of the Potter Clarkson group, said: “In Chapel Quarter we have found an office that supports our position as a leading European intellectual property law firm. “We are excited by the opportunity to design and develop a new working environment that supports greater flexibility and productivity – something that is tailor-made for our staff and clients. “Our new office will provide the highest quality environment to meet the new and future needs of our business, ensuring that Nottingham remains the beating heart of our firm.” The lease negotiations were overseen throughout by Roger Davis of Geo Hallam & Sons and supported by Freeths. Additional support was provided by Oval Real Estate, as advisers to the Landlord along with Mark Tomlinson at FHP who acted for the outgoing tenant Adrak, in the surrender negotiations.

Approval recommended for Nottingham Forest’s football ground redevelopment and residential plans

Rushcliffe Borough Council’s Planning Committee will meet on Thursday July 28 to consider Nottingham Forest’s major plans for amendments to the City Ground and a residential development. The Council’s planning application report recommends approval of the plans which consist of a full planning application for the redevelopment of the Peter Taylor stand, including the demolition of existing buildings/structures, new public realm and car parking, and an outline planning application for up to 170 residential units.
The stand redevelopment will see it replaced with a new three tier scheme, increasing capacity and enhancing facilities. The new stand’s primary uses would include seating for spectators, players and match official facilities, media facilities, premium hospitality, conference facilities and staff accommodation.
The residential scheme, meanwhile, would be housed in a 13 floor development with vehicle and cycle parking, commercial floor space, back of house and plant spaces, access and support facilities at the ground floor, additional vehicle parking and resident amenity space at first floor level followed by 11 levels of mixed sized residential units and roof top plant/terrace areas.

Reward property and construction firms for their achievements at the East Midlands Bricks Awards 2022

Providing a prime opportunity to shout about your business’s achievements, enter the East Midlands Bricks Awards 2022 NOW – ahead of nominations closing on 19 August. The annual event, organised by East Midlands Business Link Magazine, is an independent awards and publicity programme recognising development projects and people in commercial and public building across the region – from office, industrial and residential schemes, through to community projects such as leisure schemes and schools. The prestigious awards attract leaders from across the region and are the perfect way for businesses to promote themselves and those they work with. Indeed winning one of these awards will add considerably to a company’s or individual’s brand and enhance their commercial reach significantly. Award categories include: most active estate agent, commercial development of the year, responsible business of the year, residential development of the year, developer of the year, deal of the year, architects of the year, excellence in design, sustainable development of the year, contractor of the year, and overall winner. Winners will be revealed at a glittering awards ceremony on Thursday 15 September, at the Trent Bridge Cricket Ground – an evening that will also provide plenty of time to forge new contacts with property and construction professionals from across the region. Reflecting on the 2021 event, Paul Morris, director at St James Securities, said: “We are incredibly proud to have been awarded ‘Developer of the Year’ at the East Midlands Bricks Awards 2021, particularly as we were up against strong competition from some very established and experienced counterparts in the industry. “The award is testament to the hard work and excellent progress we have made over the last year at our £200m Becketwell regeneration scheme in the centre of Derby, particularly the forward funding and sale of the first phase 259 build to rents apartments to Grainger plc, one of the leading owners and operators of purpose build BtR in the UK. “The event was held at the impressive Trent Bridge cricket ground and was well attended by many serious players in the property and construction industry, many of whom I had a chance to network with over a glass of wine and delicious hors d’oeuvres.” To submit a business or development for the East Midlands Bricks Awards 2022, please click on a category link below or visit this page.
The Overall Winner of the East Midlands Bricks Awards 2022 will also be awarded a year of marketing/publicity worth £20,000. Find out who last year’s winners were here.

Book your tickets now

Tickets can now be booked for the awards event – click here to secure yours. The special awards evening and networking event will be held on 15 September 2022 in the Derek Randall Suite at the Trent Bridge County Cricket Club from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region. The event will also welcome John Forkin MBE DL, Managing Director at award-winning investment promotion agency Marketing Derby, as keynote speaker, as well as award-winning mind reader, magician, and professional mentalist Looch, who will bewilder and astonish guests during the evening’s networking. Dress code is standard business attire.
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University of Nottingham launches inclusive FinTech research hub

A new research centre focused on harnessing financial technologies to promote inclusive innovation and culture in the financial services industry has been launched by the University of Nottingham. The Centre for Inclusive Financial Technology (INFINITY) is dedicated to research that uses up-to-date modelling and data analysis techniques to improve financial inclusion. In doing so, INFINITY aims to promote financial inclusivity and social good, embracing diverse talent and communities to create the future of financial services. INFINITY will be based at the university’s Castle Meadow Campus in Nottingham city centre. INFINITY experts will collaborate with industry, policymakers and the third sector to undertake research on the following key themes:
  • Inclusive analytics, which seeks to take the latest data analysis techniques and apply these to financial technology. This work focuses on translating the latest innovations in data science to applications in financial technology, leading to improved product design, decisions and consumer outcomes.
  • Inclusive financial services, which focuses on how society can increase financial inclusion and use the power of financial technology for good. This work embraces new opportunities to create products for under-served markets, and works with policymakers on key challenges in consumer protection. This work also seeks to support the financial services sector by harnessing the power of data to promote equality, diversity and inclusion within the sector.
  • Inclusive risk, which creates future models for responsible risk measurement and management – such as climate risks, risks around inequality and geopolitical tensions. Arising from existing work undertaken with the UK government during the coronavirus pandemic, this work develops new models of complex risks, such as pandemic, climate and political risk. This work is giving rise to new risk products, helping the economy to measure, evaluate and mitigate emerging risks.
The Centre for INFINITY has been founded by professor Meryem Duygun, of Nottingham University Business School, who said: “We are in a critical and exciting moment. How do we look at the incredible innovations happening in finance and banking, the increasing decentralisation of banking, the growth of the fintech industry, and the amazing opportunities they provide to bring financial inclusion to the world securely?” Professor Duygun continued: “INFINITY is born out of the melding of these exciting innovations in finance and the imperative to promote financial inclusion for the good of the economy and society.”

University of Leicester and East Midlands Chamber to partner on economic thought leadership

University of Leicester has joined forces with the East Midlands Chamber to develop new insights and ideas on the region’s economy. The strategic partnership will focus on economic thought leadership via research, skills data visualisation, business support and an annual State of the Economy Conference. The university will be a headline partner of the Quarterly Economic Survey produced by the chamber of commerce for Leicestershire, Derbyshire and Nottinghamshire, which gauges the health of the region’s economy across various indicators such as recruitment, investment intentions and cashflow. Data visualisation experts at the university will also help to further develop a collective intelligence skills observatory model that has been created by the Chamber as part of a trailblazer pilot for the Government’s Local Skills Improvement Plan, which aims to put employers at the centre of the skills system. The work of the partnership will be headlined by an annual State of the Economy Conference held at a university venue. Professor Dan Ladley, dean of the University of Leicester School of Business, said: “We are pleased to announce that the University of Leicester and East Midlands Chamber are working together as strategic partners. “The School and I are looking forward to working more closely with the Chamber through our partnership, on influencing policy and increasing developments in the region to benefit both businesses and local communities. “I am proud to see the School of Business increasing our involvement with the local area, the business community and the Leicester Innovation Hub to make a positive impact. I look forward to sharing more details at our launch event in October 2022.” East Midlands Chamber Chief Executive Scott Knowles said: “We have made great progress in establishing the Chamber as a credible authority on economic intelligence in our region, and it’s hugely exciting to take this a step forward by partnering with a university that is also doing some brilliant work in this area. “By creating new data-driven insights on topics such as skills, we can continue to address the biggest issues affecting businesses, while a State of the Economy Conference presents a great opportunity to bring together a range of thought leaders, who can inject new ideas into making the small gains at organisational level that will take our region forward.”

Blaby District Council agrees to build hundreds more houses annually to meet unmet need in Leicester

Councillors have agreed to proactively work with other Leicestershire districts, the City Council and County Council on the distribution of new homes and employment land from Leicester. Like all other councils, Blaby District Council is required to identify land for new homes and employment sites. The Council is set targets by the Government based on various factors such as population growth. Under national planning law, Blaby District is required to look at taking on a share of unmet housing from Leicester, which does not have enough land to meet its growth targets. The Council is legally obliged to co-operate with other districts to meet this need. To fulfil this requirement, the Leicester and Leicestershire Statement of Common Ground has been produced to distribute this unmet need of housing and employment land. At the Full Council meeting on 19 July, Councillors approved the intention to be the first council to sign the Statement of Common Ground. The signed document increases Blaby District’s annual housing need for 2020-2036 from 346 homes to 687 homes per year, an increase in 341 homes annually. No additional employment land has been allocated to the area. A comprehensive method to distribute the unmet need has been used to calculate the 346-home figure. The Housing and Economic Needs Assessment (HENA) looks at each council’s relationship with Leicester City, the balance of jobs and homes in each authority area and the ability for each area to deliver the additional allocation. Signing the Statement of Common Ground will also help to protect the integrity of Blaby District Council’s Local Plan. Not undertaking proactive work could see any Local Plan fail at examination which may make the Council more vulnerable to speculative and unwanted planning applications. Councillor Terry Richardson, leader of Blaby District Council, said: “I want to reiterate that this is a significant challenge for all councils in Leicester and Leicestershire. “This work needs to be undertaken proactively and in partnership with other councils. If we don’t do it, Central Government will do it for us, and this way gives us a lot more say than the alternative. “I understand how people may feel when they see Blaby District taking the biggest number of homes from the unmet need, but significant technical work has been done to reach the initial distribution figure. “It will also be important for the Government to recognise and support this joint working with the necessary funding of critical infrastructure, such as transport, schools and health provision to support the growth. “We are a Council that is prepared and strategic in its thinking and committed to shaping and making great places for our residents in the future. I am confident that any additional homes will be properly planned for so that we continue to do what is best for our local communities.”