Firm acquires 53 acres of development land at Network 46 site

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Regeneration specialist St. Mowden has acquired one of Lincolnshire’s main stategic employment development locations.

The company has acquired the remaining 57 acres of development land at ‘Network 46’ on the A46 between Lincoln and the A1 for an undisclosed sum.

In 2008, Network 46 was granted planning consent for more than 960,000 sq ft of commercial space with occupiers including Apogee, Turbine Efficiency and UK Mail.

The site also has a new 40,300 sq ft facility for DPDUK.

St. Modwen owns more than 30 acres of industrial land in Lincoln, the majority of which is let to Siemens with whom the company worked in partnership on the delivery of a new 135,000 sq ft facility at Teal Park in 2012.

Deputy Leader Councillor Susan Howe of North Kesteven District Council said: “Network 46 is one of only three key strategic employment sites in the district and developments here will be fundamental to delivering NKDC’s ambitions for economic growth.”

Rob Richardson, Development Manager at St. Modwen, said: “We have, for some time, been keen to extend our development activity in Lincolnshire and Network 46 was the ideal opportunity.

“The development’s location is excellent and has already proven popular for growing indigenous companies as well as new businesses to the area, and we see this continuing.”