Developer HBD, part of Henry Boot, has submitted a planning application for the second phase of ARK, a £27m GDV scheme at its flagship M1 industrial and logistics development, Markham Vale.
ARK is being delivered by Origin, a joint-venture partnership between HBD and Feldberg Capital.
Work began earlier this year on the first phase of the new development, which consists of four units from 17,000 sq ft to 36,000 sq ft. Henry Boot Construction is the contractor for phase one, with the first four units due to complete late 2025.
The second phase of ARK will deliver the final 53,000 sq ft unit, with work expected to start on-site in Q4 subject to planning permission being granted. Origin is committed to delivering ESG-compliant I&L space, with ARK meeting stringent sustainability benchmarks, targeting BREEAM Excellent and an EPC A rating.
Markham Vale is a 200-acre industrial and logistics scheme delivered by HBD in joint venture with Derbyshire County Council. It has created more than 2,600 jobs since work began and counts Bilstein Group, Great Bear, Smurfit Westrock and Sterigenics among its occupiers.
Vivienne Clements, executive director at HBD, said: “Working with Derbyshire County Council, HBD has delivered 2.5 million sq ft at Markham Vale, creating a very successful industrial and logistics destination. With established demand from logistics and manufacturing businesses, it’s very positive to be able to bring forward a further 53,000 sq ft unit at ARK.”
Jamie Acheson, managing director of Feldberg Capital, said: “The submission of planning for ARK’s second phase represents a significant milestone in our strategic partnership with HBD.
“This 53,000sq ft unit will complete our vision for a best-in-class industrial development at Markham Vale, addressing the clear market demand we’re seeing in this prime logistics location.
“As Origin continues to expand its portfolio of ESG-compliant assets across the UK, ARK exemplifies our commitment to developing sustainable, future-proof industrial spaces that meet the evolving needs of modern businesses.”
The agents for ARK are JLL and CPP.
