The East Midlands


St. Modwen Logistics Completes Latest Sustainable Warehouse at St. Modwen Park Lincoln


1,000 sq m of solar PV panels installed as standard to help prospective occupiers to meet their own ESG targets. Energy generated from these panels will fully power the building’s 5,300 sq ft of Grade-A offices, making them net zero carbon in operation. Combined with other energy-efficient features which are incorporated in the design process, Lincoln 111 has been awarded an EPC A+ rating, helping occupiers to reduce their operational costs.


St. Modwen Logistics, one of the UK’s leading logistics developers and managers and a Blackstone portfolio company, has completed work on a £15m 111,000 sq ft sustainable warehouse, as part of the fourth phase of development at St. Modwen Park Lincoln, which could save occupiers more than £90,000 a year in operational energy costs*.


Delivered by Caddick Construction, Lincoln 111 becomes the biggest unit at the site, demonstrating St. Modwen’s confidence in the Lincoln and Newark region following the success of the Park since the first unit was completed back in 2019. In total, St. Modwen Logistics has invested £35m to deliver 411,000sq ft of space at the Park in this period, with the likes of logistics giant DHL, retailer Furniture Village and international ice cream distributor NIC all occupying space at St. Modwen Park Lincoln.


Built to St. Modwen Logistics’ ‘Swan Standard’ guidelines for sustainable construction, Lincoln 111 is rated ‘Excellent’ by sustainability certification body BREEAM and comes complete with more than


The building also has access to an increased power supply, making it perfect for occupiers with large power requirements. Located on the A46 dual carriageway between Lincoln and Newark, St. Modwen Park Lincoln benefits from its fantastic location and transport links and is just seven miles from the A1 with direct access available. In addition, customers at the Park also benefit from central Government investment into infrastructure improvements to the A46 Newark bypass and the completion of the Lincoln bypass, resulting in reduced travel time to the South West and North East towards the Humber Freeports.


Reserved matters planning consent has also been achieved for the fifth and final phase of development which will see the capacity of the Park total 740,000 sq ft in the coming years. There is a unique opportunity for the final development to be accelerated to meet the specific requirements of a business in need of a build-to-suit option, with St. Modwen Logistics able to deliver a single unit upto 350,000 sq ft available within 12 months.


North Kesteven Is The Place To Be


It’s in the heart of Lincolnshire and known for engineering, manufacturing and agriculture, and its transport links. Look closer though and you’ll find much more.


There’s a clear plan to ensure North Kesteven flourishes into the future, including investment in


business space. It has quality homes


and schools, and safe communities which encourage families and skilled people to stay. There’s a rich heritage studded across its countryside and river corridor. Its high streets buck national trends and it has renowned space for creativity and culture. There are modern leisure facilities, invested in for better health, and there’s an aim for the District to be carbon neutral by 2030. Add all this up, and it makes a great place to work and invest in.


There is new space to do so, including at North Kesteven


District Council’s eco-conscious


Sleaford Moor Enterprise Park. It’s a 37-acre (14 hectare) employment site brought forward by the Council to unlock premier strategic employment space servicing Sleaford’s ambition for economic and employment growth. All units within phase one have been built with sustainability and adaptability


contact Eddison’s Incorporating Banks Long & Co on 01522 544515.


The Council has a history of supporting new businesses, including a £2.2 million scheme of 15 grow-on business units at Discovery Court in North Hykeham, close to Lincoln and the A46. The units range from just under 750 sq ft to over 2,800 sq ft in size.


In fact, North Kesteven District Council has over 100 properties designed to encourage the growth of start-up, small and medium businesses.


Visit


Land Deal Paves the Way for Major Mixed-use Scheme for Lincolnshire


Plans for a major sustainable mixed-use scheme in North Lincolnshire, which is set to include thousands of new homes alongside potential for high-value employment, community and leisure space, have moved a step closer with the acquisition of a major development site.


Leading regeneration Watling Real and multi-sector


property development specialist Hargreaves Land has exchanged contracts with site receivers


Estate for the


conditional purchase of a 550-acre plot of land at the Lincolnshire Lakes site in Gunness, near Scunthorpe.


There, over 1,150 new homes will be created over the next 15 years as part of a major master-developer partnership that will also see potential for a new Advanced Manufacturing Park to be brought forwards on part of the site, offering commercial occupiers easy access to the nearby M181 motorway.


A 65-acre section of the site has been given a strategic allocation in North Lincolnshire’s emerging


Local Plan to accommodate


potential for the development of a carbon- neutral Advanced Manufacturing Park (AMP), which could in the future provide new commercial space to accommodate a range of emerging businesses, alongside research and development institutions, including those within the clean energy sector.


New construction jobs will be created when enabling infrastructure work by Hargreaves gets underway, followed by thousands more in the future as new businesses are created at Lincolnshire Lakes and existing employers relocate to the site to support their own growth and expansion plans.


www.businessnk.co.uk to


see more or contact Eddison’s Incorporating Banks Long & Co. It also offers independent business support and more, on hand through its Economic Development Team.


Most recently, the Council has been allocated £3.2 million from the UK Shared Prosperity Fund aimed at improving life chances and growing pride of place.


in


mind. Features include solar panels, energy- saving insulation and EV charging points, and a landscaping scheme to maintain biodiversity. There’s been substantial interest - to enquire


58


Projects include plans to invest in Sleaford town centre, support for businesses including grant funding for growth and for preservation of historic shopfronts, help for young people District-wide to engage and grow their employability, and an events programme including the RiverLight arts festival in October – a perfect chance to see this great place to be.


Lincolnshire Lakes is expected to be one of the largest residential development schemes in the region and forms part of a wider strategic regeneration project set to transform the overall area, which will also include delivery of a new primary school, district centre and extensive areas of public open space. The scheme will be masterplanned by Hargreaves to accord with the placemaking principles of a sustainable twenty-minute neighbourhood, with new opportunities created for active travel alongside large areas of blue infrastructure and biodiversity corridors.


Hargreaves Land is committed to bringing forward the wholescale regeneration of the site, moving ahead in a deal that will see it working closely with North Lincolnshire Council to secure outline planning consent within two years on its development.


initial phases of


Freeths law firm acted on behalf of Hargreaves Land for the acquisition while Pinsent Mason represented the receivers.


COMMERCIAL PROPERTY MONTHLY 2023


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