Acquisition of land and associated construction works relating to a proposed manufacturing research and development facility at Infinity Park Derby, Derby

Tender description

The Council has awarded a contract to Infinity Park Derby LLP for the purchase of land and the construction of an advanced manufacturing and research centre Lot 1: The Council has entered into agreements under which the Council has acquired through a land sale agreement the freehold of land that forms part of Infinity Park Derby for a value including SDLT of GBP 214,133. The site of the facility to benefit from rights of access and use of adjacent drainage and highway infrastructure. The Council has entered into a development funding agreement under which the Council is providing GBP 14,631,629 funding to carry out construction of the research and development facility at the site and associated infrastructure works with building completion intended by February 2023. The agreements are entered into based on exclusive rights of the developer.