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Network Rail to develop Derby site

25 Oct 11 Network Rail has launched a search for a partner to develop a 70 acre site, known as the Chaddesden Triangle, on the edge of Pride Park in Derby.

The land, which is owned freehold by Network Rail, is the largest brownfield site in Derby. It has been identified by Derby City Council as a strategic development site and regeneration priority.

Network Rail will work with the selected development partner from the production of a master plan through to the planning process, completion of the site and the securing of occupiers for individual plots.

Access to the site is from Wyvern Way off Pride Park. The land is bound by the River Derwent to the west, Wyvern Way to the east and the railway to the south.

Proposals for the site will be considered on the grounds of overall benefit to Derby as a whole.

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Network Rail head of development Stuart Kirkwood said: “We are always working to identify development opportunities where we can work in partnership with the private sector to develop non operational land. This site offers the potential to create new employment opportunities and support the wider regeneration plans for the area.”’

Derby council leader Philip Hickson said: “The council has been working with Network Rail for many months to bring this site to market. The site is a regeneration priority in the saved local plan in an area which focuses on business uses. The Chaddesden Triangle is part of the River Derwent corridor where recreational and leisure facilities are being enhanced. There are opportunities to deliver key regeneration benefits, taking advantage of this major river frontage, for the area and for the city.”

The deadline for initial responses is 18 November 2011, with those shortlisted invited to make final bid stage tenders by January 2012. It is anticipated that final developer selection will take place in March 2012.

BNP Paribas Real Estate is acting on behalf of Network Rail.

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