St. Mowden’s 70-acre industrial and logistics scheme near Lincoln will undergo the second phase of development with the completion of steelworks.
With phase two set to be finished by Summer 2020, two units of 25,000 and 55,000 sq ft are to be delivered at St. Modwen Park Lincoln with one unit already pre-let to DHL Parcel (UK) Limited.
Expanding at the scheme, the German logistics company will occupy a 25,000 sq ft unit on a 10-year lease.
This is in addition to a 32,000 sq ft unit occupied by its sister company – Deutsche Post DHL – who arrived at the site during phase 1.
St Mowden Park, formerly Network 46, is known for providing industrial and warehouse space for businesses, and being located on the A46 dual carriageway, it has an ease of access to sea ports, airports and the national motorway network.
The new units are designed to cater for modern occupier needs with high bays, top specification offices, generous car parking and ample yard space.
Nick Kay, Development Director at St. Modwen, said:
“To have secured a pre-let with DHL demonstrates a strong appetite for well-located space in the region.”
“The units delivered as part of our first phase of development were quickly taken off the market by two well-respected brands and it speaks volumes that a key player in the logistics market such as DHL has once again chosen to expand with us here at St. Modwen Park Lincoln.”
Joint agents for the scheme, Simon Lloyd of Cushman and Wakefield, and William Wall of Banks Long, added: “The scheme offers unrivalled transport links, giving occupiers the ability to easily carry out operations across the UK and overseas.
“Securing an additional pre-let with DHL shows that St. Modwen is highly-skilled in speculatively developing quality, flexible space.”
Cllr Richard Wright, Leader of North Kesteven District Council, said:
“We’re really encouraged to see the progress underway at St. Modwen Park Lincoln.”
“The Council’s Economic Development Unit works closely with St. Modwen to ensure the conditions are right for companies such as DHL to relocate into the District, feeling at home in North Kesteven and enjoying the many lifestyle benefits, with every confidence that they will thrive here.”
As part of the work, Lindum will be engaging with the community in nearby Witham St Hughs.
It is planning to visit the primary school and will be setting up a collection point for the local food bank.
Matt Harrison, Construction Manager from Lindum Group Ltd, added: “We’re delighted to be building on our solid relationship with St. Mowden.
“This work was awarded to Lindum following the successful completion of Phase 1, which was delivered on time and to a high standard.
“We are pleased to be continuing with the project and seeing more of this site regenerated and brought back into use.”
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