Renewed interest raises hopes for office schemes
Published: 2009-11-20 12:23:10
REGENERATION experts are hopeful that office developments in Derby which have stalled during the credit crunch will start moving forward in the new year.(Sourced from Derby Telegraph.)
John Cadwallader, chief executive of Derby Cityscape, the urban regeneration company spearheading the £2bn redevelopment of the city centre, said interest from companies in office space in the city was picking up.
He said: "There are some firm inquiries now. I think we are getting more serious inquiries and people look more willing to commit. We are hopeful of some good news in the new year."
Several schemes have planning permission but are at a standstill because the developers cannot find companies wanting to move in. Without firm interest, developers do not want to build as they would be subject to empty building taxes.
