Lincoln-based developers Taylor Lindsey have announced new plans to expand on the existing Teal Park with a new 26,700 sq ft industrial/warehouse scheme.
Taylor Lindsey have been working with the Lincolnshire County Council and Hodgson Elkington in the marketing of Teal Park, which is located to the south-west of Lincoln.
Once the planning application has been approved, the developers expect construction to start in spring with an expected completion by the autumn.
Dan Race, Partner at Hodgson Elkington, said: “The new scheme will offer units from 2,600 to 12,500 sq ft. This is a sector of the market where we are currently seeing strong demand and we therefore expect to secure early interest”.
“We have strong interest in further developments at Teal Park including larger commercial occupiers and leisure interest for the main road frontage.
“We look forward to this planning application being approved swiftly so that development of this important scheme can progress”.
Jill McCarthy, Business Investment Manager, said: “Teal Park is a very important employment site for central Lincolnshire and we are very pleased to see plans for a speculative development on this scale.
“We fully expect this will catalyse further interest and development on Teal Park”.