Clowes Developments has gained planning to start work on six units at the 20-acre Stud Brook Business Park in Castle Donington.
The units, which have just gained reserved matters planning consent will range in size from 1,500 sq ft to 45,000 sq ft and will be available for sale or rent. They will be open to a mixed range of uses including office, industrial and retail.
Derbyshire-based Clowes said Roe Developments had been named as the lead contractor for the scheme, which is near the Castle Donington bypass and not far from East Midlands Airport.
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Work is starting this month with a practical completion date set for the second half of next year.
James Richards, development director at Clowes Developments, said: "After a period of extensive groundwork preparation it is great to finally start constructing Stud Brook Business Park.
“We’ll soon see steel frames being erected. Before we know it, occupiers will be moving into their brand-new premises."
NG Chartered Surveyors have been appointed as joint agents with FHP Property Consultants to find tenants for the units.
FHP director Tim Gilbertson said: "Stud Brook Business Park really is a rarity, given that we can offer units both to buy or rent from as little as a few thousand square feet up to over 40,000 sq ft in what is generally considered the best location in the East Midlands.
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“The area around Castle Donington has been popular with manufacturing and distribution occupiers for many years given its fabulous road links and ease of access for staff but most schemes have been focussed on larger occupiers, Stud Brook is looking at the local and mid-sized regional companies and I’m sure that market will welcome this fabulous opportunity with open arms."
Richard Sutton, managing director at NG Chartered Surveyors, said: "The level of demand we've seen for these units at Stud Brook has been exceptionally high – but that shouldn't come as a surprise with a quality developer such as Clowes Developments.
"Now that the scheme has received planning permission, we should be in position to finalise deals across all units - ensuring another successful scheme for Clowes.”