UK Developer to Build £20m Office Facility

Developer St Modwen has announced plans to build a £20m facility in Teal Park, Lincoln, UK, for engineering giant Siemens.

St Modwen will construct a 12,500m² facility that will be completely leased by Siemens for a period of 12 years.

The new facility will comprise 4,600m² of office space and a 7,900m² workshop in addition to excess land for possible future expansion.

The new facility is expected to receive a BREEAM Excellent rating for its green features.

Work on the project is expected to start in late 2011 with completion scheduled for December 2012.