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.