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Ben Wisher, Rigby & Co, Provides His Insight to the Derby Market

Ben Wisher, Rigby & Co, Provides His Insight to the Derby MarketI remember thinking about this time last year that if the final quarter of 2010 could continue then we may have some real signs of encouragement and that 2011 could see some growth. What we now know is that 2011 in Derby will be remembered as being the year of quite differing ups and downs.

The events surrounding Bombardier, Egg and the Royal Mail caused great concern over job losses and did dent confidence, however that was only short-term.

With the public and private sectors rallying towards the end of 2011 in an attempt to offset damage as much as possible, Hero TSC announced plans to create a minimum of 800 new jobs within the Egg building and Bombardier also secured a small but strategically important order.

Whilst wider financial issues continue to affect decisions taken by locally owned businesses, there are rays of light and reasons for encouragement.

Derby City Council’s Regeneration Fund has sprinkled some “magic dust” over a number of sites with consent for office development. Some of those could be built out this year, including Clowes Developments’ St Mary’s Gate House building on St Mary’s Gate. It looks like Compendium will also start work on their Castleward development with the Phase 1 residential development coming forward this year. There also continues to be new build office deals in the City, with Cedar House Investments’ The Point scheme still attracting good levels of interest for new design and build HQ’s.

These opportunities show that there are already reasons to look forward to 2012 – throw in the Summer’s Olympics as well and there may just be enough reason for a change in confidence.

Posted by Michael Gillespie (wantspacegotspace Limited) on 23rd January 2012 (updated 09/04/2013)

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