| £1
Billion Investment |
| Cathedral
Green |
| The Vic |
GATEWAY
Derby Cityscape has bought Princes
Supermarket, Bold Lane. The move is Cityscape's
first "strategic investment" and has
been bought to ensure that there is enough space
to build residential and commercial properties
during the planned 20-year regeneration. EMDA
bought the site on behalf of Derby Cityscape,
which refused to say how much it cost or what
would be built there.
Cityscape chief executive John Cadwallader said,
"Buying land is one of the interventions
that we'll make in the coming months and years to
ensure there are sites of sufficient scale to
accommodate the key developments that will
revitalise Derby city centre." Princes
Supermarket will continue to trade under its
present lease until the future use of the site
and surrounding area is determined. |
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DERBY CITYSCAPE
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A £3m centre in Ford Street to
house graphic design, music production, film-making and
computer game firms has been approved. The building will
have office space for 40 businesses, meeting rooms and a
café. The centre has been designed to provide the space,
layout, broadband access and location necessary for small
creative businesses that have outgrown places like
Network House, at the University of Derby and Banks' Mill
studios, in Bridge Street. It is hoped that the likes of
EM Media, which is part of the UK Film Council and Arts
Council England in the East Midlands will set up bases at
the centre.
The
studios were officially opened in November last year and
the city council hoped that by now it would be a base for
up to 40 creative businesses. But the studios are
expected to have a £150,000 overspend by the end of this
month. The reason for the overspend has been put down to
just a handful of units being let. The council is now
analysing the rent rates at the studios compared to those
for similar businesses across the city. (Source: Derby Evening Telegraph, Nov/07)
Taxpayers could face a £750,000 bill to
modify Friar Gate Studios after complaints about its
soundproofing. The £3m office block opened three years
ago but the city council has received complaints that
soundproofing needs to be increased. Alterations to the
building could land the city council with a huge bill.
Councillor Mike Carr, cabinet member for direct and
internal services, said some firms in the building had
complained they could hear people speaking in adjoining
offices.
He said, "Sound proofing and interior work does need
to be done because we need to reduce the noise
transmission. We think it is going to cost around
£750,000 to deal with but we need to look into that more
first. The building was created with a sort of warehouse
feel with exposed pipework and that sort of thing but we
need to see if that is not providing the right
sound-proofing."
Friar Gate Studios was commissioned by the city council
and paid for using council and regional development
money. It opened with a great fanfare in November 2006
but the council has struggled to fill it because of
problems with a lack of parking in the area and the
credit crunch, and now noise is also a cause for
complaint. Only about 60% of the units are occupied. The
city council said that had peaked at 80% before the
credit crunch.
The building was designed to provide space for 40
creative companies, boosting that industry in the city.
Hall Grey Architects, which designed the building, said
it created it to the specifications of the city council.
David Hall, of the Derby firm, said that the council had
set out to create something for start-up, art-based
businesses who would pay a peppercorn rent for three
years before being established enough to move to other
premises.
But the council had changed its plans, marketing the
units at a higher rent and attracting different types of
companies, including those working in sound engineering
and digital media. Mr Hall said, "We designed it to
the specifications given us and it was ideal for the type
of businesses it was originally aimed at." The
authority has already paid £558,000 towards creating the
building as well as providing the land for it.
The remainder of the money came from the East Midlands
Development Agency, Derby and Derbyshire Economic
Partnership and Derbyshire Enterprise Agency. Mr Carr
said the exact amount for the work and how it would be
paid for had not yet been confirmed. He said, "We
will look into everything before we spend the cash."
Council officers confirmed the authority had received
some complaints from tenants and is looking into them and
how it may pay for the work.
A council spokeswoman said, "Since last autumn,
there has been a number of business tenants who either
closed down or chose to move out. Such fluctuations have
occurred at other business centres in the city over the
same period of time. In response the council is
considering how it might help to position Friar Gate
Studios for a recovery in the economic climate."
She added, "As it is only two-and-a-half years old,
the centre is in an excellent position to attract new
investment and help local businesses to develop and grow
but it will need support to do so. Further investment is
a possibility with a view to recouping this in future
years but no decision has yet been made." (Source: Derby Evening Telegraph, Aug/09)
Derby Cityscape is a limited company
supported by private and public organisations, including
Derby City Council, the East Midlands Development Agency
and English Partnerships, and was set up to aid
development in the city centre. Areas that have already
been identified for regeneration include the riverside
area, Duckworth Square, Friar Gate and Cathedral Row as
well as the Litchurch and Castle wards and improvements
to areas such as the Market Place. Work to draw up a
master plan, which will be unveiled next spring, is due
to start in August. It has already been revealed that one
of the first additions to the city will be a £750,000
footbridge across the River Derwent to link Cathedral
Green, which is off Full Street, and Stuart Street.
Planning permission has been granted for Ashbourne-based
Derby City Living Ltd to build 76 apartments in Stuart
Street, on the former Eggleston Brothers site in a £14m
project. Architectural and civil engineering firms will
be invited to tender for designing and building the
bridge later in the year. Michael Hall, acting chief
executive of Derby Cityscape, said, "Consultation
with the people of Derby about the opportunities for
development will be key to the success of Derby
Cityscape. Although the regeneration master plan for the
whole Cityscape area has not been finalised, it is widely
acknowledged that this footbridge will be key to future
plans.
It will link two key areas of the city centre and will
open up under-used public space close to the Silk Mill,
which forms the gateway to the Derwent Valley Mills World
Heritage Site." Bob Laxton, MP for Derby North,
said, "Derby needs to develop and we need to get
more life back into the city and one of the long-standing
issues is to try to get more people to make use of the
river." Maurice Burgess, leader of Derby City
Council, said, "The idea of a footbridge could
enhance the area." The ambitious scheme to breathe
new life into Derby city centre will cost £50m more than
was originally expected.
It had been calculated that the number of residential,
office and leisure developments would cost about £225m.
But, on closer inspection, the Cityscape project is now
expected to need £275m worth of investment. Michael
Hall, who is the acting chief executive of Derby
Cityscape, said, "We've had a closer look at all of
the different projects and we have worked out the amount
that would have to be spent to achieve all the projects
that have been identified. This is now estimated to be
around £275m."
To fund the various projects that are put forward under
the Cityscape vision, money will come from a range of
public and private companies. Board members come from a
range of organisations and companies from across Derby,
which aim to help create a city-wide vision of
development.
Board members include Norman Askew; Jeff Moore, deputy
chief executive of the East Midlands Development Agency;
Dennis Hone, director of English Partnerships; Councillor
Philip Hickson, deputy leader of Derby City Council;
Peter Richardson, chief executive of The Derbyshire
Building Society; Paul Kearney, managing director of the
Derby Evening Telegraph; Peter Gadsby, chairman of Cedar
House Investments; Ray Cowlishaw, chief executive of
Derby City Council; Peter Miller, development director of
Westfield; Nick Richardson, managing director of Wilson
Bowden Developments Ltd; and David Williams, senior
partner of Edwards and Geldard.
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