Today chartered surveyors Banks Long & Co from Lincoln and Nottingham-based HEB, revealed that they are looking to lease new units at the Skegness Trade Park on the Wainfleet Industrial Estate, Skegness.
The brighter economic outlook has encouraged the firms’ client BSP Holdings of Nottingham to embark on a 40,000 sq ft speculative development on land just behind the Skegness Retail Park and the move has been welcomed by East Lindsey District Council.
Other occupiers in the area include Currys, Focus DIY, Halfords and Pizza Hut.
Banks Long & Co Director William Wall said: “The development itself forms part of a larger business park which already houses Travis Perkins Builders Merchants, MKM Builders Merchants and BSS Plc.
The new units are designed to suit businesses looking for trade counter premises or space for light industrial, storage and distribution purposes.
“BSP Holdings’ decision reflects its confidence in the local market and the company has already been rewarded after receiving strong interest and a commitment from one business to take 10,000 sq ft.
“This marks a flying start for this project and we echo BSP Holdings’ upbeat stance.”
BSP Holdings Director Paul Singh said: “This partly-committed, partly-speculative development represents an investment by us of £3 million and it has the power to create around 150 new jobs.
“The development will comprise seven individual units and our agents have secured 10,000 sq ft of space, way ahead of completion, and we have strong interest in the remaining units.
“We are pressing ahead because of our confidence in the market, generally good forecasts and the strong level of enquiries. As a company we have already done very well in bringing national companies to this estate and we are confident of attracting more.”
Mr Singh said Skegness is well-placed to be serviced by companies which may already have branches in Lincoln, Boston and Grimsby, and he is already talking to potential national occupiers, who may or may not want trade counter facilities.
BSP Holdings is a well-known investor in Lincolnshire’s Coastal strip, with large landholdings at Skegness, Ingoldmells, Mablethorpe and Chapel St Leonards, along with retail, residential and caravan park interests. The company added that it has a good working relationship with East Lindsey District Council.
East Lindsey District Council’s Portfolio Holder for Economic Regeneration, Councillor Craig Leyland said: “It’s been a tough time for business in East Lindsey in recent years.
“This announcement is positive news for the District and a step in the right direction. As a Council we welcome investment proposals that look set to create jobs and give the economy a boost.”
Banks Long & Co is marketing the Skegness Trade Park units jointly with Nottingham-based agency HEB.
