Haulage, storage and distribution firm George H Kime & Co Ltd has taken St Modwen’s 54,793 sq ft industrial and logistics unit at St. Modwen Park Lincoln.
The company has secured a 15-year lease on a pre-let basis at the unit on the second phase of the 70-acre development, which is now fully let.
Nigel Kime, Managing Director at George H Kime & Co Ltd, said:
“We have a need to relocate to expand our operation and meet our customers’ needs. The development is truly market-leading and we’re delighted to have secured a building of this quality as there is a distinct lack of elite industrial units in Lincolnshire. We eagerly await the completion of the scheme and look forward to welcoming our existing and new customers to the site.”
St Modwen recently announced the construction of four further units as part of phase 3 at the site ranging from 16,000 sq ft to 52,000 sq ft.
Gemma Butler, Development & Leasing Manager at St. Modwen Industrial & Logistics, said: “St. Modwen Park Lincoln has proved successful because we had the courage to build speculatively to capitalise upon the lack of supply in the market. To have fully let the scheme well in advance of our projected completion date is a great achievement – and shows the robust strength of the logistics market amidst the backdrop of a global pandemic.”