St Francis Group and iSec to build five new warehouses
St Francis Group, a UK-based property development and investment group and an expert in brownfield development and regeneration and its joint venture partner iSec have announced details of a major new development on land next to Markham Vale between Sheffield and Nottingham, where five new warehouses are to be built.
The brownfield site has been unused since the Coalite works closed over a decade ago but now iSec and the brownfield regeneration specialist St Francis Group will start ground works immediately to make the plots ready for development. Occupiers could move into a high-quality industrial warehouse and manufacturing space from Q2/2021.
A second application seeking outline consent for an additional 46,500 sqm in two units on adjoining land has also been submitted by the developers to the North East Derbyshire district council. At 1.22 million sqm the scheme is destined to play a national role in the ever-expanding logistics market based on increasing demand from e-commerce channels. (mw)