St. Modwen has won planning permission for its first phase speculative development of 95,000 sq ft warehouse and manufacturing space in Lincolnshire.
The development will be at Network 46 where the Midlands-based property business 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.”
William Wall of local agent Banks Long said: “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.”
Construction will be completed by late 2018. Joint agents are Cushman & Wakefield.