If plans for a 400,000 sq ft office development in Derby is approved it will become the largest ever office development in the city, claims Norseman Investments.

The £150m development, which is being proposed by Norseman Investments, will be developed over three-acres. It is hoped that the development will become the gateway to the Castleford area of the city and act as a catalyst for further regeneration in the surrounding area. The offices will form the heart of Derby’s central business district bringing up to 4,000 new jobs to the city.

Upon completion, the development is expected to house a wide variety of tenants ranging from government departments and major corporate occupiers to smaller regional and local businesses.

In addition, Derby city centre is currently undergoing a £2bn regeneration programme which is being led by Derby Cityscape. John Cadwallader, chief executive of Derby Cityscape, said: “Derby Cityscape identified this site in the masterplan process as being vital in delivering the scale of office development that Derby needs to attract ‘head office’ type uses to the city. One of the failures to attract such locations in the past has been the shortage of city centre sites of the right scale and quality this scheme deals with these issues.”