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£20 MILLION TEAL PARK DEVELOPMENT GETS UNDERWAY

The Leeds office of St. Modwen took a major step forward in its proposal to deliver a new £20 million, 135,000 sq ft facility at Teal Park in North Hykeham, near Lincoln this week.

A ground-breaking ceremony marked the official start of the Teal Park development with Siemens PLC. The new home for Siemens’ gas turbine service business will occupy 11 of the 87 acres at the Teal Park site and will comprise initially a 50,000 sq ft office and an 85,000 sq ft state-of-the-art service workshop, together with surplus land to allow for future planned expansion.

Stephen Prosser, North East and Yorkshire Regional Director for St. Modwen, comments: “The ceremony was a major milestone in the delivery of Teal Park and a significant step in securing Siemens as a first major occupier.

“St. Modwen, as Siemens’ development partner, has been working for some considerable time in close partnership with Lincolnshire County Council, North Kesteven District Council and landowners, Taylor Lindsey, to ensure that the many strands of this complex project are knitted together, that Siemens is secured, and the facility can be successfully delivered.

“Siemens is our existing tenant, occupying our Firth Road property within Lincoln, and we have spent a great deal of time understanding their operational requirements and what they need to achieve from this strategic relocation. The build phase of the project will create employment opportunities for around 250 construction workers in Lincoln and the move will further strengthen Siemen’s service offering, allowing the company to retain over 500 permanent jobs in the region.

“Work on delivering the facility itself, is timed to commence in September, once all the appropriate consents and approvals are in place.”

Neil Corner, Director Service, Siemens Lincoln, said: “Siemens is pleased with progress to date in finalising arrangements with St. Modwen for our proposed relocation to Teal Park. We have worked together closely to ensure the best possible outcome for our service business, that will best meet the needs of employees and customers alike for a modern purpose built facility. “

Councillor Eddy Poll, Executive Member for Economic Development at Lincolnshire County Council, said: “Teal Park has the potential to attract £500m of business investment over the next 10 to 15 years. That equates to around 4,000 jobs. This will not only bolster our manufacturing and construction industries, but should also lead to opportunities for highly-skilled workers as well. We’ve already taken an important first step towards success in persuading Siemens to relocate to the site. I’m sure that many other businesses will follow.”