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The engineering conglomerate Siemens looks set to switch hundreds of its staff to a planned office space development on the east coast of England, it has emerged.
Discussions on a deal that will see 127,000 square feet of new office space established in the city of Lincoln are well under way and building work is expected to begin within the next 12 months.
The news has been revealed by St Modwen Properties, which describes itself as being the leading regeneration company in the UK and is keen to see its development plans get the go-ahead as soon as possible.
Both office space and workshop facilities on the Teal Park site, just outside the centre of Lincoln, will be built with scope for further expansion and Siemens is now expecting to consolidate its local workforce at the ear-marked location.
Stephen Prosser, St Modwen’s relevant regional director, commented: “We have spent a considerable amount of time working with Siemens to understand their expectations with regard to their new facility and we now look forward to continuing this relationship and working closely with them.”
Siemens’ plans have reportedly been prompted by client orders on an unprecedented scale in recent months within its services business and other aspects of its operation in the north of England.
Last week, St Modwen agreed a five-year office rental deal with the security company ADT in relation to 4,500 square feet of office space at the Prescott Business Park on Merseyside.