REGENERATION SPECIALIST, ST. MODWEN, STARTS DEVELOPMENT OF NEW £25 MILLION FACILITY FOR SIEMENS AT TEAL PARK
The development of Siemens new facility at Teal Park, Lincoln, is well underway with the main framework being erected into position this week. The construction phase of this complex project, which is scheduled to take nine months, will create job opportunities for around 250 construction workers in Lincoln.
When complete, Siemens gas turbine service business will relocate from its existing sites within Lincoln to the new state of the art BREEAM Excellent rated facility which will initially comprise of 50,000 sq ft of offices and an 85,000 sq ft servicing facility.
The steel infrastructure for the new facility which has been raised this week is the first visual realisation of the successful partnership created between St. Modwen, Siemens, Lincolnshire County Council, North Kesteven District Council and Taylor Lindsay. St. Modwen, as Siemens’ development partner, has successfully brought together the many strands of this complex project ensuring that the various needs of each of the many parties have been met and ensuring that the planning and infrastructure phases are complete and underway to enable the facility to be delivered within Siemens exacting timeframes.
Teal Park is a landmark development for the region, with the potential to attract £500m of business investment over the next 10-15 years and opening up opportunities to create some 4,000 jobs. Siemens’ relocation to the site is seen as a major endorsement of the Park’s strategic importance.
Stephen Prosser, Yorkshire and North East Regional Director for St. Modwen, comments: “Erection of the steel work marks the first stage of work on site, and is the first visible sign of the time, patience and expertise we have invested in order to bring this project to fruition. Our understanding of the needs of all the parties involved, from tenant to council to landowner, means that we have been able to guide the complex process to a successful outcome.
“As a market leader, Siemens is extremely focused in what it requires a building to do. We took the time to understand its requirements and structured a deal which ensured that the new facility meets the exacting requirement. The end result is that Siemens is now retained in Lincoln for the long term, safe guarding the future of 500 highly skilled jobs.”
Neil Corner, Director Service, Siemens, Lincoln, said: “We are very pleased and excited that works have started on site. St. Modwen, our landlord and development partner, has been instrumental in helping us retain our business in Lincoln via a brand new state of the art facility for our gas turbine service business. Their understanding of our business and of our operational requirements has helped us create a new facility that meets all our current needs. We have worked with them closely over the past 18 months and look forward to working with them throughout the building works with a view to moving our staff and workshop to Teal Park in the final quarter of 2012 and becoming operational in early 2013.”
