Local joint venture secures future for Stanton Ironworks
A joint venture between two prominent Derbyshire business families has completed a deal to secure the future of the former Stanton Ironworks in Ilkeston.
The 192 acre site at Lows Lane, Ilkeston, has been acquired by Verdant Regeneration Ltd from previous owners, Saint Gobain, in a deal brokered by JLL.
Verdant Regeneration is a joint venture and private endeavour between owners from established local firms Ward and Trust Utility Management, who already have existing facilities adjacent to the site.
The team has ambitious plans to transform the former steel works - one of the largest potential development sites in the East Midlands - into a thriving national distribution, logistics and rail freight hub for the Midlands, to be called New Stanton Park.
Massive chunk of Stanton Ironworks site sold in major breakthrough for development plans
Part of the site would be renamed New Stanton Park under the plans
The Stanton Ironworks site has been derelict for 13 years (Image: Derby Telegraph)
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Huge part of derelict Derbyshire site sold to developers
The site has been derelict for 13 years and had operated for more than 160 years
11:48, 11 DEC 2020
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