Verdant Regeneration has secured outline planning permission for the redevelopment of the 200 acre New Stanton Park, J.25 M1, with the potential to deliver up to 4,000 jobs.
Verdant Regeneration submitted an outline planning application in late 2021 for the redevelopment of part of the former Stanton iron works, to be known as New Stanton Park, with the scheme set to deliver c.2.6 million sq ft of new build high quality warehouse and industrial space, having the ability to deliver a single building in excess of c.1 million sq ft.
The new development situated between Derby and Nottingham, just 2.5 miles from the M1, is being jointly marketed by M1 Agency and TBD Real Estate.
David Grier of Verdant Regeneration said: “Having acquired the site in 2020, we have worked hard across the team to quickly bring forward an outline planning application on what is one of the largest regeneration projects within the region. We are delighted to have now successfully secured outline planning consent and thank Erewash Borough Council for the professional manner and efficiency in which they have dealt with the planning application.
“New Stanton Park offers an excellent strategic location, blending an active rail connection with strong private and public transport connectivity, plentiful labour and a large and significant power supply. When combined, we are confident this will result in a highly successful development with the next chapter set to positively transform and improve the area, bringing forward large scale job creation in the process.”
David Ward Snr of Verdant Regeneration added: “Securing outline planning permission is a hugely important step in bringing forward the regeneration of this major landmark site. In its redevelopment we are aiming to deliver high quality real estate that will drive occupier activity and job creation. We will do this with a sustainable approach, combining energy efficient buildings with large amounts of amenity and green space. New Stanton Park will also see fishing ponds, rural walkways and cycle tracks designed to enhance biodiversity and link the site and its wider communities.”
James Keeton of joint agents M1 Agency added: “Outline planning approval is a major milestone in the delivery of New Stanton Park and the regeneration of this former brownfield site. With strong initial interest we are confident of quickly bringing forward development and realising the transformation and improvement of the area in a high quality and sustainable manner, most importantly, delivering large scale job creation in the process.”
Chris Drummond of joint agents TDB Real Estate finished by saying: “The redevelopment of the site has been talked about for a significant period of time and it is excellent news that it is now hopefully set to come to fruition. Verdant Regeneration have been hugely pro-active in their approach since purchasing the site and with active occupier engagement we welcome the delivery of an outline planning consent to thereafter bring forward the transformation and improvement of this strategically important site.”