Godwin Group, a UK-based property developer, had secured approval from Derby City Council’s planning committee, for the construction of The Landmark, a build-to-rent (BTR) scheme in the city.
To be located in Phoenix Street, the 201 BTR building has been designed to match the growing interest in the sector from both investors and residents.
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Being built with an investment of £68m, the building will be a mix of one- and two-bedroom apartments, with several amenities such as gym, concierge, lounge, guest suite and coffee area in addition to 47 car parking spaces and provision for 36 bicycles.
The development is expected to offer rental stock to cater to the needs of a growing number of professionals and graduates in the area while supporting the wider Derby regeneration plans announced yesterday by the Derby Economic Recovery Task Force.
It could also help in enhancing the city centre and the city’s reputation as one of the UK’s key national business and investment hubs.
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Derby City Council’s majority of councillors supported the project, as it will create 900 temporary construction jobs over a two-year period and between 10 and 15 permanent jobs, once the building is completed.
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By GlobalDataGodwin Developments group land director Stephen Pratt said: “We are absolutely delighted that Derby City Council approved once again our proposals for The Landmark – in a huge vote of confidence for the city and its ambition for the future.
“We are passionate promoters of Derby and its potential to reinvent itself through attracting additional employment and strengthening its city centre.
“Our scheme – The Landmark – will be a fantastic extension to Derby’s Future High Street bid and will bring additional investment, jobs and desirable city living into the heart of Derby, while also improving the public realm and flood defences.”
The approval for The Landmark follows the recent announcements by the company of a mixed-used scheme in Stafford and a residential development in a gateway location in Sheffield.
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Artist’s rendering of Godwin’s The Landmark to be located in Derby. (Credit: Godwin Group.)
