HBD signals strength of market as MV55 build starts on site

Work has started on site at HBD’s newest addition to Markham Vale, a 55,000 sq ft industrial warehouse, ‘MV55’, which is being developed on a speculative basis.

Markham Vale is a 200-acre industrial and logistics development located at Junction 29A of the M1 in Derbyshire, a joint venture between HBD and Derbyshire County Council.

One of the region’s most successful industrial locations, Markham Vale is home to the likes of Great Bear, Gist, Ferdinand Bilstein and Sterigenics.

This latest building fronts the M1 and includes flexible office space ranging from 2,500 sq ft – 5,000 sq ft alongside high-quality industrial facilities and 50 on-site parking spaces.

Andrew Priestley, Development Surveyor at HBD, said: “Our decision to build our latest unit at Markham Vale on a speculative basis is very much a reflection of the strength of the market and continued demand for high-quality, well located industrial property. There is an acute shortage of good quality industrial space across the Yorkshire and East Midlands markets, particularly for buildings between 20,000 sq ft and 100,000 sq ft, resulting in a high degree of latent demand for new-build product like MV55.

“We currently have a total of 108,000 sq ft under construction at Markham Vale, with this latest unit scheduled to complete in September along with Protec International’s new purpose-built premises, which started on site last month. Initial conversations have been very positive – businesses are keen to capitalise on its location as well as the high-quality build, which is something occupiers can always count on from HBD.”

Derbyshire County Council Cabinet Member for Economic Development and Regeneration, Councillor Tony King, said: “This is a great opportunity for another business to join our thriving Markham Vale site.

“This plot has a lot to offer with great links to the M1 and a skilled workforce, high-quality industrial facilities and flexible office space.

“We look forward to welcoming even more businesses at the site very soon and for those looking to relocate or expand, we still have opportunities available so please get in touch for more information.”

Plots of up to 15 acres remain available at Markham Vale and can accommodate flexible design and build units up to 300,000 sq ft.