St. Modwen, the expert developer and regeneration specialist, has secured planning permission for its first phase development of new warehouse and manufacturing space at one of Lincolnshire’s main strategic employment locations, Network 46.
North Kesteven District Council has approved the application for the first phase of development of two buildings of more than 95,000 sq ft in total.
St. Modwen has a long-standing commitment in Lincolnshire; it owns more than 30 acres of industrial land in Lincoln, was responsible for delivering the 135,000 sq ft state of the art facility for Siemens at Teal Park, and acquired the remaining 57 acres of development land at Network 46 in 2017.
Rob Richardson, Development Manager at St. Modwen, said: “The granting of planning consent for our first two buildings at Network 46 is an important step towards the delivery of much needed new employment space in Lincolnshire. The Business Park is already home to Apogee, Turbine Efficiency, DPD and UK Mail and the proven location and our track record of delivery is already attracting good interest.”
Andy McDonough, Head of Development, Economic and Cultural Services at NKDC, said: “Network 46 is one of three strategic employment sites within North Kesteven and we are delighted to be working with a company of the stature of St. Modwen to see this site come forward. Development of units of this size will show the confidence that both St. Modwen and the Council have in Network 46 as a location for attracting new and inward investment.”
Lincoln-based Banks Long is marketing the scheme with Cushman & Wakefield. William Wall of Banks Long commented: “We invested time to ensure these two buildings of 31,905 sq ft and 63,655 sq ft are designed to suit the needs of the modern industrial occupier and they will appeal to both the logistics and manufacturing sectors. Added to this, the availability of good power, great connectivity and quick access on the A46 and wider road network, means we are confident the buildings will soon be occupied once completed.”
St. Modwen is now ready to commence the construction of the two buildings, which will take 32 weeks and they can be completed for occupation by the end of 2018. Gemma Constantinou of joint agents Cushman & Wakefield confirmed: “The region has not seen development of these sizes of unit for quite some time so the level of interest we are already receiving is very encouraging.”
