Construction underway at Markham Vale

Construction underway at Markham Vale

Work is underway on a major commercial development at the Markham Vale business and distribution park in Chesterfield after planning permission was granted before Christmas.

The phase will involve the formation of 13 units ranging from 1,200 to 3,050 sq ft providing warehouse space which is designed to address a shortage of supply in the market.

Property developer Priority Space, in a joint venture with Hunt Group, has appointed construction business Britcon as main contractor with units expected to be ready for occupation from July this year.

Property consultancy Commercial Property Partners (CCP) has been instructed to market the new development alongside Fernie Greaves.

Lee Buchanan, development manager at Priority Space, said: "The start of construction is a great milestone for the scheme - especially so soon after planning was granted.

"It is a significant speculative development in response to strong levels of demand in the area which reinforces our confidence in the potential of the Markham Vale site and the strength of the local economy."

Stuart Waite, partner at CPP, added: "Delivery of this scheme addresses a real shortage in the market of high quality starter units, especially ones available to buy, and indeed we are already speaking to a number of interested parties."

Markham Vale occupiers include Gould Alloys, Inspirepac, Meter Provida and Great Bear already committed to large scale warehousing and distribution facilities on the 200-acre park.

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